Property Overview
This one-storey home on Edward Avenue East in Winnipeg's Kildare-Redonda neighbourhood presents a straightforward, manageable opportunity. Built in 1959, its 936 sqft living area is typical for the immediate area but offers a smaller, more efficient footprint compared to the citywide average. A key feature is the renovated basement, adding valuable finished space. The lot is modest at just under 4,000 sqft, which translates to less yard maintenance. The home's assessed value is notably below averages for the street, neighbourhood, and city, suggesting potential value in a market where many homes are priced higher. Its recent sale in 2024 indicates a current, market-tested value.
Key Characteristics & Appeal
The primary appeal of this property lies in its practicality and value positioning. It’s a classic post-war bungalow that has been updated where it counts, specifically with a renovated basement. The home suits first-time buyers or downsizers looking for a solid, no-frills home without a massive upkeep burden. The smaller lot and living space are not drawbacks for the right buyer, but benefits—offering lower utility costs, less time spent on maintenance, and a cozier layout. It’s a home for someone who prefers to invest in location and community over square footage, in a neighbourhood where it sits at a competitive price point. The detached garage adds practical storage or workshop space.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The provided details confirm the basement is renovated but do not specify if it is a legal, rentable suite. This would be a key point to verify with the listing agent or city records.
2. How does the below-average assessed value impact property taxes?
A lower assessed value generally leads to lower municipal property taxes, which is a financial advantage for the homeowner.
3. What is the neighbourhood vibe in Kildare-Redonda?
This area typically offers a quiet, established residential feel with a mix of similar single-family homes, convenient for access to major routes and local amenities.
4. Given the modest lot size, what are outdoor spaces like?
With a lot size ranking in the lower tier for the area, the yard space will be functional but limited. This is ideal for those who want a private outdoor area without extensive landscaping demands.
5. What might the "around average" year built mean for systems and upkeep?
Built in 1959, major components like the roof, plumbing, and electrical may be original or have been updated at various times. A thorough home inspection is recommended to understand the condition and any upcoming capital expenses.