Property Overview
768 Nottingham Avenue is a well-established, mid-century home in Winnipeg's Munroe East neighborhood. Built in 1958, it sits on a nearly 5,000 sqft lot and offers 948 sqft of living space. The data suggests it is a quintessential, no-frills property that represents a solid entry point into the market. Its assessed value and lot size are consistently around the average for its immediate street and area, indicating it fits seamlessly into the local fabric of similar homes. Recent sale history shows steady appreciation, with the last sale occurring in the $300k-$350k range in 2022.
Key Characteristics & Appeal
This home’s primary appeal lies in its stability and predictability. It’s not an outlier in size, value, or features, which can be an advantage for buyers seeking an affordable, manageable property without unexpected extremes. The lot size is a notable asset, offering above-average outdoor space for the area, which is a valuable but often overlooked perk for gardening, expansion, or simply having room to breathe.
It would suit first-time buyers or practical downsizers looking for a straightforward, lower-maintenance home in a mature neighborhood. Its consistent "around average" metrics suggest lower financial risk and a comfortable fit within the community. A thoughtful perspective is that this property offers a blanker canvas than a recently renovated home; it allows a buyer to build equity through gradual, personalized updates rather than paying a premium for someone else’s choices.
Frequently Asked Questions
1. How does this home’s size compare to others?
At 948 sqft, the living area is very close to the average for both Nottingham Avenue (971 sqft) and the wider Munroe East area (1,009 sqft). It is, however, notably more compact than the Winnipeg city-wide average, making it a efficiently sized home.
2. What does the assessed value indicate?
The assessed value of $30,800 is typical for this specific street and neighborhood. It’s important to note that this is a value for taxation purposes set by the city; a home’s market sale price is determined by current buyer demand and can differ.
3. Is the lot a good size?
Yes. At 4,987 sqft, the lot is larger than many on its street and in the Munroe East area. This provides more private outdoor space than is typical for comparable properties nearby.
4. What can recent sale history tell us?
The home has sold three times in the last decade (2016, 2017, 2022), each time at a higher price range. This pattern indicates a history of steady value growth in line with or exceeding area trends.
5. Who would this property best suit?
This home is ideally suited for value-conscious buyers—such as first-time purchasers or investors—seeking a stable, average-priced property in a established neighborhood. Its manageable size and typical assessment make it a lower-risk entry point, while the larger lot offers future potential.