Property Overview: 114 Laurentia Bay
Key Characteristics & Appeal
This is a compact, one-storey home built in 1965, situated on a standard-sized lot in Winnipeg's Kildare-Redonda neighbourhood. Its key characteristic is its modest scale, with 850 sqft of living space, which is notably below average for its immediate street and the wider city. This smaller footprint is paired with a recently renovated basement, adding functional space, and includes a detached garage.
The primary appeal lies in its efficiency and affordability within a mature, established area. It represents a lower barrier to entry for homeownership in Winnipeg. The renovated basement is a significant practical upgrade, offering flexibility for storage, a workshop, or additional living area. The home would best suit first-time buyers, downsizers, or pragmatic investors seeking a straightforward, manageable property without the upkeep of a larger house. A thoughtful perspective for the right buyer is appreciating the potential for lower utility costs and minimal maintenance compared to larger, newer homes, allowing for a simpler lifestyle or the ability to allocate resources elsewhere.
Frequently Asked Questions
1. Is the house particularly small compared to its neighbours?
Yes. The living area is 850 sqft, which ranks in the bottom 3% (59th out of 60) on Laurentia Bay itself, where comparable homes average about 1,027 sqft. It is also below the city-wide average.
2. What does the assessed value indicate about the property's price?
The assessed value of $31,300k is around the average for both the Kildare-Redonda neighbourhood and the city overall. This suggests the property is valued consistently with the market for its type and area, not as a premium or severely discounted listing.
3. When was it last sold, and for roughly how much?
The home was sold in July 2017. Based on available public data, the sold price range was approximately $21,500k to $24,500k.
4. What are the less obvious factors to consider with a home of this age and size?
While the basement renovation is a plus, a home from 1965 will likely require ongoing attention to core systems like plumbing, electrical, and the roof. The smaller size limits expansion possibilities without a major addition, but it also translates to less space to heat, clean, and maintain.
5. How can I find out the exact historical sold price?
The exact sold price is not publicly displayed. You can request it by email via the button provided on the listing page. The service aims to reply by the end of the same day and does not use your email for unsolicited marketing.