Property Overview
This one-storey home at 1201 Kildare Avenue E in Canterbury Park is a practical and value-oriented property. Built in 1988, it is notably newer than many homes on its street and across Winnipeg. Its key feature is a renovated basement, adding functional living space to the 1,042 sqft main floor. The lot is a standard city size at just over 4,600 sqft. There is no garage or pool. The home last sold in July 2023 for $38,600, and its current assessed value is $37,800, which is very strong compared to immediate neighbours.
Key Characteristics & Appeal
The primary appeal of this property lies in its modern foundation relative to the area and its move-in readiness, thanks to the basement renovation. It sits on a manageable, average-sized lot, reducing yard maintenance. The strong assessed value for the street suggests it is a well-regarded asset in its immediate micro-market.
This home would suit a first-time buyer or an investor seeking an affordable entry into the Winnipeg market with a property that requires no major immediate updates. It would also appeal to downsizers looking for a single-level living layout without the upkeep of a larger, older home. A thoughtful perspective is that while the living area is average for the city, the newer build year and renovated basement offer a hidden efficiency—more modern systems and finished space than might be apparent, potentially offsetting the lack of a garage.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its permitted use with the city.
2. How does the lack of a garage affect parking and storage?
The property has no garage. Buyers should assess on-street parking availability and consider the basement or external shed solutions for storage.
3. The sale price seems low. What does this represent?
The 2023 sale price of $38,600 is consistent with the home's assessed value and reflects the market valuation for this specific type of property in this area.
4. How does the "newer" build year (1988) benefit me?
A home built in 1988 likely has more modern wiring, plumbing, and insulation standards than many older Winnipeg homes, potentially leading to lower maintenance costs and better energy efficiency.
5. The assessed value is in the top 6% for the street. What does that mean?
This indicates the municipal assessment of this property is higher than 94% of comparable homes on Kildare Avenue E. It often reflects the property's condition, improvements (like the basement renovation), and desirability within its specific local context.