Property Overview: 1238 Kildare Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 1238 Kildare Avenue E in Canterbury Park presents a specific and practical value proposition. Its key characteristic is a recently renovated basement, adding modern livability to the 1988-built structure. The home sits on a modest 3,720 sqft lot, which is smaller than most in the immediate area and city, but translates to lower maintenance. With a compact 690 sqft of living space, this is decidedly a more efficient, entry-level property.
The appeal lies in its affordability and simplicity. The recent sale price aligns with a below-average assessed value, positioning it as an accessible point of entry into the Winnipeg market. It suits first-time buyers or investors seeking a straightforward, lower-maintenance property with updated fundamentals (the renovated basement). It may also appeal to downsizers looking to reduce both physical space and yard work, as the smaller lot is a feature rather than a drawback for this group. A less obvious perspective is that its newer build date (1988) compared to many area homes offers more modern construction standards without the premium of a brand-new build, while the renovated basement provides immediate utility without project costs.
Section 2: Frequently Asked Questions (FAQs)
1. Is the living space really only 690 square feet?
Yes. This is a compact bi-level home. The total livable area is significantly below averages for the street, neighbourhood, and city, which is a primary factor in its accessible price point.
2. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire for details on the finishes, permits, and whether it includes a legal secondary suite or additional bedrooms.
3. How does the smaller lot size impact me?
The 3,720 sqft lot is smaller than typical, which generally means less yard maintenance, lower water costs, and less time spent on outdoor chores. It may limit expansion possibilities but is ideal for those seeking a low-maintenance outdoor space.
4. The home sold recently. What does that mean for its value?
The property sold in June 2024. This provides a very current, transparent market price that can serve as a strong benchmark for understanding value in the area, unlike list prices which are subject to negotiation.
5. Who are the most likely neighbours or buyers for similar homes on this street?
Based on the similar assessed values provided, comparable homes in this price range are found in various neighbourhoods like Vialoux, Varsity View, and Elmhurst. This suggests the street and property attract budget-conscious buyers prioritizing function and location over size.