Property Overview
862 Nottingham Avenue is a well-established home in Winnipeg's Munroe East neighbourhood. Built in 1959, it sits on a just-under 5,000 sqft lot and offers 948 sqft of living space. The data suggests a property that holds its own within its immediate area, particularly in terms of its assessed value, which ranks above average for both its street and neighbourhood. Its last known sale was in the 2022 range of $350k-$400k.
Key Characteristics & Appeal
This home represents a classic, no-frills Winnipeg property. Its primary appeal lies in its solid positioning within the local market rather than standout size or modern features. The living space is modest and below the citywide average, making it a practical, manageable footprint. The lot size is typical for the area, offering standard outdoor space.
The standout metric is its assessed value, which ranks in the top 25% for Munroe East and the top 18% on Nottingham Avenue itself. This indicates that, compared to its closest peers, this property is viewed as having relatively good value—a strong point for a buyer. The home is also slightly older than many on its street, which can sometimes correlate with more established lots and mature landscaping.
This property would best suit a first-time homebuyer or a downsizer looking for an entry into a stable neighbourhood without a massive footprint or premium price tag. It’s for someone who prioritizes a sensible investment in a known area over a large or recently renovated home. A buyer with a vision for gradual updates could find good potential here, given the decent lot and above-local-average assessment.
Frequently Asked Questions
1. How does the assessed value compare to the likely selling price?
The assessed value is $31,900, but this is for tax purposes and is typically far lower than market value. The 2022 sale was in the $350k-$400k range, which is a more relevant benchmark for current market value.
2. Is the living space too small?
At 948 sqft, it's slightly below the average for Munroe East (~1,009 sqft) and more notably below the Winnipeg average. It suits individuals, couples, or small families comfortable with a cozy, efficient layout and lower utility costs.
3. What does the "above average" assessed value ranking mean for me?
Ranking in the top 18% on its street for assessed value suggests that, compared to direct neighbours, this property is considered more valuable by the assessor. This can be a positive indicator of its relative worth in the micro-market of Nottingham Avenue.
4. The home was built in 1959. What should I be aware of?
As a home from the late 1950s, potential buyers should budget for inspections focused on the age of major systems like plumbing, electrical, and the roof. The good lot ranking suggests the property itself is well-situated, but the structure will likely require ongoing maintenance or updates.
5. How can I find out the exact past sale price?
The provided sale price is a range from public data. As noted on the listing, you can request the exact sold price history by emailing the site; they provide this detail manually without using your email for marketing.