Property Overview
This one-storey home at 104 Minikada Bay in Winnipeg's Kildare-Redonda neighbourhood presents a specific and compelling value proposition. Built in 1965, the 955 sqft house sits on a roughly 5,100 sqft lot and features a renovated basement and a detached garage.
Its primary appeal lies in its standout assessed value within its immediate context. While the living space is modest compared to the city-wide average, its assessment is elite for Minikada Bay (top 2%) and above average for the broader neighbourhood. This suggests a property that is well-maintained and highly valued relative to its direct peers, potentially offering a solid foothold in a stable area. The renovated basement adds functional living space.
This home would suit a first-time buyer or a downsizer looking for a manageable, single-level layout in an established community. It’s for a practical buyer who values neighbourhood equity and condition over sheer size, and who may appreciate the flexibility of a detached garage for storage or projects.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold in May 2017 for an estimated $28.5k–$31.5k. Its current assessed value of $36.6k is higher, indicating a significant increase in its official valuation since that last sale.
2. Is the living space smaller than other homes nearby?
At 955 sqft, it is slightly below the average for both Minikada Bay (avg. ~970 sqft) and the Kildare-Redonda neighbourhood (avg. ~966 sqft). It is notably more compact than the Winnipeg city-wide average for comparable homes.
3. What does the "elite" assessed value ranking mean for me?
It means this property has the highest assessed value ranking (1st out of 59) on its own street. This typically reflects factors like renovations, condition, or desirable lot traits, and can be a marker of a well-regarded property within its micro-market.
4. Is the lot size a pro or a con?
The lot is fairly typical for the area. At just over 5,000 sqft, it provides standard outdoor space for the neighbourhood but is smaller than the city-wide average lot. It offers a balance of manageable upkeep and private yard space.
5. You mention a renovated basement—what isn't said about the home's condition?
The listing confirms the basement is renovated but does not specify the age or condition of major systems (roof, HVAC, plumbing) in the main house, which is common for a home built in the 1960s. A thorough inspection is always recommended.