Property Overview
This two-storey home at 1047 Kildare Avenue E in Canterbury Park presents a specific and practical value proposition. Built in 1976, its key characteristic is a well-renovated basement, adding functional living space to the 1,114 sqft main footprint. The property sits on a modest 1,599 sqft lot, which is notably smaller than most in the immediate area and city-wide. This is reflected in its well-below-average assessed value, a pattern consistent for the neighbourhood. However, the living area itself is quite spacious compared to other homes on the same street.
Its appeal lies in being an affordable entry point into the Winnipeg market, particularly for those who prioritize updated interior space over outdoor land. The renovated basement offers immediate utility for a home office, recreation room, or additional bedrooms without the need for initial project work. It would suit first-time buyers, downsizers seeking a manageable property, or investors looking for a rental with modernized features. A less obvious perspective is that the small lot size translates to lower maintenance costs and time, which can be a significant hidden benefit for busy professionals or those not interested in extensive gardening.
Frequently Asked Questions
1. Is the small lot size a major drawback?
While the land area is significantly smaller than area averages, it means less exterior upkeep. For buyers who view a yard as a chore rather than an asset, this is a practical benefit.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the finish quality, permits, and whether it includes a bathroom or kitchenette to fully understand the added value.
3. Why is the assessed value so much lower than the last sale price?
The home last sold for $190k in 2016, but its current assessed value is $23.3k. This large gap is typical; municipal assessed value for tax purposes is not an indicator of market value. The sale history and current market conditions are far better guides for pricing.
4. How does the living space feel given the statistics?
Despite the home's overall modest metrics, the living area ranks in the top 15% on its own street. This suggests the home's interior layout may feel more spacious and efficient than others of a similar vintage in the immediate vicinity.
5. What is the parking situation?
The listing specifies there is no garage. Viewers should investigate the driveway capacity and on-street parking regulations to ensure it meets their needs.