Property Overview: 753 Nottingham Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 753 Nottingham Avenue in Munroe East presents a practical and value-oriented opportunity. Built in 1956, it's a classic post-war bungalow with 998 sqft of living space. Its standout feature is the generous 5,504 sqft lot, which is notably larger than most in the immediate area and neighbourhood, offering valuable outdoor space and potential.
The appeal lies in its strong positional value within its local market. While the home itself is modest in size compared to the city average, its assessed value ranks well above average for both its street and the broader Munroe East area. This suggests the property is recognized for its desirable lot and location relative to similar nearby homes. It last sold between $250k-$300k in 2020.
This property would best suit first-time buyers, downsizers, or practical investors seeking an entry into the market with a solid lot size. It’s for someone who values space outdoors over a large interior footprint and is comfortable with a home that may require updates reflective of its era. The data indicates you are paying more for the land and location here than for the structure itself, which can be a strategic long-term investment in a stable neighbourhood.
Section 2: Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The lot of 5,504 sqft is significantly above the average for both Nottingham Avenue and the Munroe East area, ranking in the top 21% of the neighbourhood. This is one of the property's strongest assets.
2. Is the assessed value high for a home of this size and age?
Yes, context is important. While the assessed value is around the city-wide average, it ranks in the top 15% for Munroe East and the top 9% for Nottingham Avenue itself. This indicates the property is assessed more favourably than most direct comparables, likely due to its larger lot.
3. What might the 1956 build date mean for a buyer?
The home is older than most on its street and in the area. Buyers should budget for potential updates to major aging components like plumbing, electrical, or the roof, and consider an inspection to assess the condition. The era also suggests classic, simple construction.
4. How does the living space compare?
At 998 sqft, the living area is very close to the average for both the street and Munroe East, but below the city-wide average. It offers a compact, efficient layout typical of its time, suitable for smaller households.
5. How can I find out the exact historical sale price?
The provided sale history shows a range. To obtain the exact sale price from 2020, you can use the email request form on the listing page. The service is manual but provided without marketing spam.