Property Overview: 112 Larche Avenue E
Key Characteristics & Appeal
This one-storey home on a 5,197 sqft lot presents a straightforward, value-oriented opportunity in Winnipeg's Kildare-Redonda neighborhood. Built in 1969, its 833 sqft living area is modest but typical for the immediate street. The home includes a basement and a detached garage.
Its primary appeal lies in its land size and positioning as an affordable entry point. The lot is notably larger than many on the same street, offering above-average outdoor space for the immediate area—a potential draw for those valuing room for gardens, play, or future expansion. The home last sold in late 2023, suggesting a recent market transaction.
This property would best suit a first-time buyer, an investor, or a hands-on owner looking for a functional starter home with a solid lot size. It’s a practical choice for someone comfortable with a home that may require updates, as the basement is noted as not renovated. The assessed value is positioned below the neighborhood and city averages, indicating a potentially lower property tax burden relative to other homes.
Frequently Asked Questions
1. How does the lot size compare to others?
The 5,197 sqft lot is a standout feature for this property, ranking in the top 29% for size on Larche Avenue E itself. It offers more land than most direct neighbors.
2. What is the home’s condition likely to be?
The listing notes the basement is "not renovated." As a home built in 1969, buyers should budget for potential updates to mechanical systems, windows, or interior finishes common to houses of this era.
3. Who might this property not suit?
It may not suit buyers seeking a move-in-ready home with modern, open-concept layouts, or those needing significant above-grade square footage, as the living area is below the citywide average.
4. How does its value compare to the area?
The assessed value is below the average for both the Kildare-Redonda neighborhood and Winnipeg overall. This can mean a more affordable entry price and lower property taxes, but may also reflect the home’s modest size and condition.
5. What can the 2023 sale price tell me?
The sale price range from November 2023 provides a recent market benchmark. Interested parties can request the exact sold price to understand the precise value it commanded just over a year ago, which is a strong data point for making an offer.