Property Overview
This 1988 bi-level home at 1242 Kildare Avenue E in Canterbury Park presents a specific and practical value proposition. Its key appeal lies in being a relatively newer home on its street, built nearly 20 years after most of its immediate neighbors, paired with a recently renovated basement. The 691 sqft living area is compact, placing it among the smaller homes in the city, which suggests efficiency over spaciousness. The lot size is also below average for the area, offering a manageable outdoor space. Having sold for $350,000 in June 2024, its sale price was notably above the street average but aligned with broader city and neighborhood trends, indicating the market recognized its updated condition and modern build date relative to the area.
This property would suit first-time buyers or downsizers seeking a modernized, low-maintenance home without a large footprint or yard to manage. It’s a practical choice for those who value a recent renovation and a newer structure over sheer square footage. A less obvious angle is its potential for buyers who prioritize a newer roof, wiring, and plumbing (implied by the 1988 build) compared to much of the surrounding housing stock from the 1960s and 70s, possibly translating to lower immediate repair costs.
Frequently Asked Questions
1. Is the house particularly small?
Yes. With 691 sqft of living space, it is significantly smaller than the average home in Canterbury Park and Winnipeg. This indicates an efficient, compact layout suited for individuals, couples, or those looking to minimize space.
2. Why did it sell for above the street average?
The sale price likely reflects two factors: the home’s relatively newer construction date (1988) compared to neighbors, and its renovated basement. These features can command a premium even on a smaller lot and with less living area.
3. What does "below average" for land area mean here?
The lot is 3,720 sqft, which is smaller than most in the immediate area and city. This means a more manageable yard with less maintenance, but less private outdoor space than many other properties.
4. How does the assessed value relate to the sale price?
The home was assessed at $300,000 but sold for $350,000. This is not uncommon, as assessed values for taxation purposes often lag behind current market conditions, which are influenced by factors like recent renovations and buyer demand.
5. What is the significance of the 1988 build year?
For this street and area, a 1988 build is considered newer. This can be an advantage, suggesting major components like the foundation, roof, and electrical systems are decades younger than those in many nearby homes, potentially reducing near-term replacement costs.