635 Nottingham Avenue

Property Overview: 635 Nottingham Avenue, Winnipeg

Key Characteristics & Appeal

This 892 sqft bungalow, built in 1991, sits on a 3,303 sqft lot in Munroe East. Its primary appeal is its modern age relative to the neighbourhood; it ranks in the top 3% for year built on its street, meaning it is significantly newer than most surrounding homes, which average from the 1960s. This suggests potentially fewer immediate concerns with aging infrastructure compared to its peers.

The home’s living space is compact, below the area average, positioning it as a manageable, low-maintenance property. Its assessed value is consistent with local averages. The lot size is smaller than most in the area, which translates to less yard upkeep—a plus for some, but a limitation for others.

This property would best suit first-time buyers, downsizers, or investors seeking a relatively modern structure in an established neighbourhood without the footprint or maintenance of a larger lot. It’s a practical choice for those prioritizing interior condition and newer build date over expansive space.

Frequently Asked Questions

1. What does the "Elite" ranking for Year Built actually mean?
It means this home, built in 1991, is among the newest 2-3% of homes on its street and in the Munroe East area, where the typical home was built around 1960. This is its most standout feature.

2. Is the smaller living area and lot size a disadvantage?
It depends on your priorities. The below-average square footage makes for a more affordable and efficient heating/cooling footprint. The smaller lot means less yard work and lower exterior maintenance costs, which can be a significant appeal for those seeking simplicity.

3. How does the assessed value compare to recent sale prices?
The home’s assessed value is around $30,900. It last sold in the $250k-$300k range in 2021. Remember, assessed value is for tax purposes and doesn't equal market value; the sale price history gives a better indicator of its market worth.

4. What are the trade-offs for having a newer home in an older area?
The benefit is a potentially more updated foundation, wiring, and plumbing. However, the home’s architecture and lot size may still reflect the neighbourhood’s older character, and it may not have the same architectural charm as some older, well-kept homes.

5. Where can I see how this property compares to its immediate neighbours?
You can use the provided link to "Open neighbourhood map analysis" to see this home on a map alongside nearby properties, directly comparing year built, lot size, and other metrics.