Property Overview

31 Nichol Avenue is a well-established home in Winnipeg's Norberry neighbourhood, built in 1943. The property presents a balanced profile, neither standing out dramatically nor lagging significantly in most metrics compared to its peers. Its true distinction lies in its generous 8,100 sqft lot, which is notably larger than most homes in the wider city.

Key Characteristics & Appeal

This home offers solid, middle-of-the-road fundamentals. With 1,272 sqft of living space and an assessed value of $336k, it sits close to the average for its immediate street and the Norberry area. Its age is typical for the street but is older than many homes across Winnipeg. The appeal here is grounded in space and stability. The lot size is the property's clearest advantage, offering above-average outdoor space for gardens, recreation, or expansion relative to city and area norms. This creates a value proposition centered on land potential in a mature neighbourhood.

It would suit practical buyers who prioritize lot size over a modern build, such as those looking for room to grow, down-sizers from larger properties who still want garden space, or value-oriented investors attracted to the stable metrics of the area. It’s a home for someone who sees the underlying asset—the land—and is comfortable with the character and maintenance considerations of an 80-year-old structure.

Frequently Asked Questions

How does this home’s value compare to nearby recent sales?
The home last sold between $300k-$350k in late 2017. Its current assessed value of $336k is around the average for Norberry ($332k), suggesting its municipal valuation is in line with the local market.

Is the lot size unusual for the area?
Yes. While the lot is average for Nichol Avenue, it ranks in the top 22% within Norberry and the top 11% city-wide for size. You are getting significantly more land than a typical Winnipeg property.

What should I consider about the home’s age?
Built in 1943, it is older than about 80% of homes in Winnipeg. This typically means potential for charming character but also necessitates careful attention to the condition of major systems like plumbing, electrical, and the roof during an inspection.

Are the living space and value in sync?
The living area is slightly above average for Norberry but a bit below the city average. Its assessed value follows a similar pattern. This indicates you are paying primarily for the land and location, not an exceptionally large house.

How can I verify the exact historical sale price?
The site provides sold price ranges based on public data. For fully verified and exact sale figures, which are not displayed due to industry rules, you must request a manual lookup via email from the service.