Property Overview: 1123 Kildare Avenue E, Canterbury Park, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1990, offering a renovated basement and a detached garage. Its primary appeal lies in its efficiency and recent sale at a notably accessible price point. The lot size is modest for the immediate street and area, but the home itself is newer than most in the wider city, ranking in the top 4% for year built on its own street. This suggests a property that may require less immediate upkeep than many older counterparts. The living space is practical rather than expansive, making it a straightforward and manageable layout.
The property would suit first-time buyers, downsizers, or investors seeking an entry into the Canterbury Park neighbourhood without a premium price tag. Its recent sale price is significantly lower than its previous sale in 2017, presenting a potential value opportunity for those comfortable with a smaller footprint. A thoughtful perspective is that this home represents a lower-maintenance option in a mature neighbourhood, where the value is in the land location and the building's relatively newer age, rather than in square footage.
Section 2: Frequently Asked Questions
1. Why is the current sale price so much lower than the 2017 sale price?
Market fluctuations, specific property condition at the time of each sale, and unique seller/buyer circumstances can all contribute to significant price changes over time. It is advisable to review the full listing details and any available history for context.
2. Is the smaller lot size a disadvantage?
It depends on your priorities. A smaller lot (3,515 sq ft) means less yard maintenance, which can be a benefit for those seeking simplicity. However, it offers less private outdoor space than many neighbouring properties.
3. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope or finish. This is a key detail to clarify with the seller or listing agent to understand if it’s a finished living space, a modernized utility area, or something in between.
4. Who might this property not suit?
Buyers requiring multiple bedrooms, abundant storage, or extensive indoor living space may find the 978 sq ft layout limiting. It’s best for those with minimal space needs.
5. How does the assessed value relate to the sale price?
The 2024 sale price of $42,500 is higher than the $34,900 assessed value. Municipal assessments are for tax purposes and can differ from market value, which is determined by what a buyer is willing to pay in the current market.