Property Overview: 684 Nottingham Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This 920 sqft bungalow, built in 1960, presents a practical and affordable entry point into Winnipeg’s Munroe East neighborhood. Its key appeal lies in its value proposition: the home has a notably lower assessed value than most on its own street and across the city, suggesting a potential opportunity for budget-conscious buyers. The living space is modest but competitive for the immediate area, and the home is actually older than most on Nottingham Avenue, which may indicate a well-established, stable streetscape.

The property would suit first-time homebuyers or investors seeking a lower-cost footprint in a mature neighborhood. Its smaller lot size (3,297 sqft) translates to less exterior maintenance, a point of appeal for those looking to minimize yard work. A thoughtful perspective is that while the home ranks below average in many metrics city-wide, it represents the character of its specific street—where it is one of the older homes on a block with smaller-than-average lots. This isn't a sprawling property, but a pragmatic one for someone whose priority is getting into the market with clear, manageable parameters.

Section 2: Frequently Asked Questions

1. Is the low assessed value a red flag?
Not necessarily. A lower assessment compared to neighbors can reflect the home’s smaller size and lot, or its specific condition and update level. It primarily indicates a lower property tax base, which can be an advantage, but it's essential to view the home in person to understand its state.

2. How does the living area compare to nearby homes?
At 920 sqft, it's slightly below the average for Nottingham Avenue (~971 sqft) and the Munroe East area (~1,009 sqft). This suggests it's a cozier, efficiently sized home rather than a spacious one, which is reflected in its pricing.

3. What does the sold price history indicate?
Records show it last sold between $200k-$250k in 2017. This historical price, combined with its current assessed value of $260k, provides a benchmark for its market trajectory over the past several years.

4. Is the smaller lot a significant drawback?
It depends on your needs. The lot is significantly smaller than most in the area, which limits expansive outdoor space but also reduces maintenance time and cost. It may be a suitable trade-off for those not wanting a large yard.

5. The data shows it's an older home on the street. What does that mean?
Being built in 1960 makes it older than about 86% of the homes on Nottingham Avenue. This could mean more character or potential for older-home charm, but it also underscores the importance of a thorough inspection to assess the condition of major aging components like the roof, foundation, and mechanical systems.