Property Overview
180 Nassau Street N is a distinctive, century-old home in Winnipeg’s Mcmillan neighbourhood. Its primary appeal lies in its exceptionally generous living space of 2,674 sq ft, which ranks it within the top 5% of homes on its street and the top 2% city-wide. This size is paired with a large, above-average lot of 4,220 sq ft, offering ample room both inside and out. While its 1907 build date means it requires an appreciation for character and likely some maintenance, its assessed value is strong, placing in the top 3% locally. The property last sold in the $500k-$550k range in 2023, a price point it has held since at least 2017, suggesting a stable and desirable market position.
This home is best suited for buyers who prioritize spaciousness over modern construction and are prepared to steward a piece of local history. It’s ideal for a growing family needing room to expand, or for someone seeking a classic home with the land and square footage that are increasingly rare in urban settings. Its consistent high-value sales indicate it’s a solid anchor property in the area, appealing to those looking for a long-term home with proven investment stability.
Frequently Asked Questions
1. What does the "Elite" or "Top X%" ranking actually mean for a buyer?
It contextualizes the home’s key metrics against immediate neighbours, the wider Mcmillan area, and all of Winnipeg. For example, being in the top 2% city-wide for living area confirms this is a genuinely large home by any standard, not just for its street.
2. The home was built in 1907. What should I consider?
While it offers classic charm and robust construction, prospective buyers should budget for potential updates to systems like wiring, plumbing, and insulation. A thorough inspection is essential to understand the condition behind the character.
3. The assessed value seems low compared to the sold price. Why?
Municipal assessed value for tax purposes often lags behind market value and uses a different calculation. The consistent sold price range of $500k-$550k is a more accurate reflection of its current market worth.
4. How does the lot size compare?
At 4,220 sq ft, the lot is larger than most on Nassau Street N (top 30%), offering good outdoor space. It’s around average for the city, meaning you get a balanced urban property—not overly land-heavy, but with a respectable yard.
5. The sold price has remained in the same range since 2017. Is that a concern?
Not necessarily. It indicates the property was accurately priced for its niche market from the start and has maintained its value steadily. In a fluctuating market, this consistency can be a sign of a desirable, non-speculative asset.