Property Overview
108 Horton Avenue E is a one-storey home in Winnipeg's Kildare-Redonda neighbourhood, built in 1955. It features a renovated basement, a detached garage, and sits on a 4,697 sqft lot. With 936 sqft of living space, its size is typical for the immediate street and area. A key characteristic is its assessed value, which ranks above average for both the street and the broader neighbourhood, suggesting it is viewed favorably relative to its local peers. Recent sold price data indicates a trend of increasing value over the last few years.
Section 1: Key Characteristics & Appeal
The primary appeal of this home lies in its solid positioning within a stable, established community. It offers the practical layout of a bungalow with the added benefit of a renovated basement, providing extra flexible space. The detached garage and decent-sized lot are practical assets. Its above-average assessment for the area hints at updates or conditions that may not be fully captured in the basic metrics, potentially offering good value within its specific market context.
This property would suit a first-time homebuyer or a downsizer looking for a manageable, single-level home in a no-fuss neighbourhood. It’s also a sensible fit for a value-oriented investor seeking a rental property with a strong local valuation history. The consistent appreciation in recent sold prices suggests a well-maintained asset in a demand area, appealing to those who prioritize gradual equity growth over flashy features.
Section 2: Frequently Asked Questions
1. Is the renovated basement a legal suite?
The details state the basement is renovated but do not specify if it is a legal, rentable suite. This is a key point for investors or buyers needing rental income, and verification with the city would be essential.
2. Why is the assessed value above average for the area?
The assessment ranks in the top 19% for Kildare-Redonda. This often reflects recent renovations, superior condition, or desirable lot traits compared to neighbours. Reviewing the specific assessment details can clarify the reasons.
3. How does the sold price history affect current value?
The home sold in 2020, 2023, and again in late 2023, with each sale price range higher than the last. This indicates strong upward momentum in its market value over a short period, a positive trend for a new buyer.
4. What does the older year of build (1955) mean for me?
While the home is older than many on its street, it has been maintained well enough to support rising values. An older build means potential attention may be needed to aging components like plumbing or electrical, but the renovated basement is a significant modern update.
5. How does this home compare city-wide?
City-wide, the living space is below average, but the assessed value is around the middle. This highlights that its value is strongly tied to its specific location and lot rather than its size, making it a neighbourhood-centric purchase rather than a city-wide standout for square footage.