106 Laurentia Bay

Property Overview: 106 Laurentia Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Kildare-Redonda presents a solid, no-fuss opportunity. Built in 1965, its key appeal lies in its established neighbourhood setting and renovated basement, offering immediate usable space. With just over 1,000 sqft of living area and a 5,000 sqft lot, the property sits comfortably within the averages for its immediate street and area, suggesting it fits right in without standing out for extreme size or value.

The home’s assessed value is notably above average for the Kildare-Redonda area, which can indicate desirable updates or a premium lot location not fully captured in the basic metrics. Its appeal is grounded in practicality: it’s a manageable size with a detached garage and the finished work in the basement adds functional square footage. This property would suit a first-time buyer looking for a move-in-ready home in a stable area, or a downsizer seeking a single-level layout without the upkeep of a larger property. A thoughtful perspective is that its "average" metrics within the neighbourhood are a strength, indicating a lower risk of being over-improved or an outlier, which can be appealing for long-term value stability.

Section 2: Frequently Asked Questions

1. What does the above-average assessed value for the area indicate?
It typically reflects that the property’s estimated market value is higher than many of its neighbours. This can be due to factors like the renovated basement, overall condition, or specific lot advantages. It’s a positive sign but should be verified with a current market appraisal.

2. How does the living space compare to typical Winnipeg homes?
At 1,011 sqft, it is below the city-wide average for living area. This highlights that the home’s value is more closely tied to its specific neighbourhood and lot rather than sheer interior size, making it efficient and potentially easier to maintain.

3. What is the significance of the sold price history from 2016?
The last known sale was between $22.5k and $25.5k in late 2016. This historical data is useful for understanding past market trends but is not a direct indicator of current value, given the significant time elapsed and changes in the market and property.

4. Are there any obvious concerns with a home built in 1965?
While the age is typical for the area, buyers should pay special attention to the condition of major systems (roof, plumbing, electrical, foundation) common to homes of this era, as some may be nearing or past their typical lifespan.

5. What can be inferred from the property’s rankings on its own street?
The rankings show the home is consistently in the middle of the pack on Laurentia Bay for size, value, and lot size. This suggests a harmonious streetscape without drastic differences between homes, which often contributes to neighbourhood consistency and appeal.