Property Overview: 114 Nutley Circle, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This 1983-built home on Nutley Circle presents a solid, no-surprises offering in Winnipeg's River Park South neighborhood. With 1,076 sqft of living space on a 4,499 sqft lot, its size is comfortably average for the immediate street and the wider city, though slightly below the neighborhood average. Its current assessed value of $382K is very close to the Winnipeg average for comparable homes.
The primary appeal lies in its established location and straightforward value. It’s a home that doesn’t stand out for size or luxury, but for its relative affordability within a mature, family-oriented suburb. A thoughtful perspective is that it is one of the original homes on its street (year built ranks #1 out of 49 on Nutley Circle), which can suggest well-understood infrastructure and a settled streetscape. The lot, while smaller than some in the area, offers manageable outdoor space.
This property would best suit first-time buyers or practical downsizers seeking an entry point into a stable neighborhood without a premium price tag. It’s for those who prioritize location and community amenities over a larger or more modern footprint, and who see a home that is "average" in scale as an opportunity for customization without the pressure of over-improving for the area.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to recent sales?
The home last sold between $300K-$350K in August 2020. Its current $382K assessment is above that sale range, aligning more closely with recent citywide averages. For verified, exact historical sale prices, a manual lookup can be requested.
2. Is the living space considered small for the area?
At 1,076 sqft, it is below the River Park South neighborhood average (~1,410 sqft) but is typical for Nutley Circle itself and is around the average for Winnipeg as a whole. It offers functional space for a smaller household.
3. What does the "Elite" ranking for year built mean?
This indicates 114 Nutley Circle is one of the very first homes built on its street (ranked #1 out of 49). The street developed uniformly around 1983, so this home is part of the original fabric of the block, not a later addition.
4. How does the lot size impact potential?
The lot is smaller than many in the neighborhood and on the street. This means lower maintenance but may limit expansion possibilities like large additions or pools. It’s a trade-off that contributes to the home’s manageability and price point.
5. Why is the assessed value below the neighborhood average?
The assessed value reflects the home’s combined characteristics—its smaller-than-neighborhood-average size and lot. It positions the home as a more affordable option within River Park South, likely appealing to budget-conscious buyers who want the location.