Property Overview: 116 Minikada Bay
Key Characteristics & Buyer Profile
This is a well-maintained, one-storey home built in 1966, offering 1,014 square feet of living space with a renovated basement. It sits on a standard-sized lot of just over 5,000 square feet and does not include a garage or pool. The home’s primary appeal lies in its strong position within its immediate neighborhood of Minikada Bay and the larger Kildare-Redonda area. Here, its living space is notably above average for the street, and it is one of the newer homes on the block. This suggests a property that has been cared for and that offers comfortable, efficient living space for its locale.
The assessed value of $300k is below average for both the street and the city, which can present an opportunity. This profile suits first-time homebuyers or downsizers seeking a solid, move-in-ready home in an established neighborhood without a premium price tag. It’s a practical choice for those who value space efficiency and a renovated basement over extra bedrooms or expansive square footage. A thoughtful perspective is that this home represents a "neighborhood anchor"—it offers more house than many on its street, providing a sense of value and stability within its specific community context, even if its metrics are more modest city-wide.
Frequently Asked Questions
1. How does the value of this home compare to others nearby?
The home’s assessed value is below the average for Minikada Bay and Winnipeg overall. However, it offers more living space than most comparable homes on its street, suggesting you may get more interior space for your investment in this specific location.
2. What does the sold price history indicate?
The home sold previously in August 2021 and October 2016. The 2021 sale price range shows a significant increase over the 2016 sale, aligning with broader market trends of that period. For the exact historical sold prices, you can request them via email from our site.
3. Is the lack of a garage a major concern?
This depends on your lifestyle. Many homes in the area were built without garages. The renovated basement could potentially offer supplementary storage space to offset this.
4. The home is 60 years old. What should I consider?
While the core structure is from 1966, the renovated basement indicates updates have been made. A standard home inspection is always recommended to review the condition of major aging components like the roof, plumbing, and electrical systems.
5. Who is this home most suitable for?
It’s an excellent fit for first-time buyers or empty-nesters looking for a manageable, single-level layout in a mature neighborhood. Its below-average assessment for the area and above-average living space for the street make it a practical, value-oriented purchase.