Property Overview: 615 Nottingham Avenue, Winnipeg
Key Characteristics & Appeal
This home at 615 Nottingham Avenue in Munroe East presents a compelling value proposition centered on space and relative modernity within its immediate community. Built in 1975, it is notably newer than most homes on its street and in the wider area, which typically date to around 1960. This suggests potentially fewer major age-related updates in its recent history. The 1,211 sqft living area is significantly above average for both Nottingham Avenue and the Munroe East neighbourhood, offering more interior space than many comparable local homes.
Its standout feature is its assessed value of $35,900, which ranks in the elite top 5% for the area. This indicates a very favourable municipal assessment relative to neighbours, a key point for property tax considerations. The lot size of 4,893 sqft is standard for the locality. The home’s appeal lies in this combination: more modern construction, generous interior space for the neighbourhood, and a highly efficient assessed value. It would suit practical buyers looking for a home that offers above-average roominess in a mature neighbourhood without the premium price tag often associated with such space, as well as those attentive to long-term property tax efficiency.
Frequently Asked Questions
1. What does the "Elite" assessed value ranking mean for future taxes?
While a lower assessed value relative to nearby homes typically suggests lower property taxes, it is not a permanent guarantee. Municipal reassessments can change this, and the "elite" ranking simply means it's currently assessed lower than 95% of homes in Munroe East.
2. The home is newer than most on the street. Does that mean fewer repairs?
Not necessarily. A 1975 home will still have core components, like roof, windows, and major systems, that are nearing or are due for replacement. Its newer age is advantageous compared to older neighbours, but a thorough inspection of these key elements remains essential.
3. Is the lot size a disadvantage?
At just under 5,000 sqft, the lot is average for Munroe East but below the Winnipeg citywide average. For buyers seeking a large yard for gardening or expansion, it may be limiting. For those preferring lower outdoor maintenance, it is perfectly adequate and standard for the area.
4. Why is there no public sold price history?
Sales data is not always publicly reported in detail. The listing service offers to provide the exact sold price history manually via email to ensure accuracy and privacy for past transactions.
5. How does the living area compare to a typical Winnipeg home?
While this home is spacious for its immediate neighbourhood, its square footage is just below the Winnipeg citywide average of about 1,342 sqft. It offers more room than most local options but may be closer to standard size when compared to the broader city market.