Property Overview: 118 Laurentia Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-maintained, one-storey home built in 1965 in the Kildare-Redonda neighbourhood. With 1,009 sqft of living space and a renovated basement, it offers practical, single-level living. The property sits on a standard 5,098 sqft lot with a detached garage.
Its primary appeal lies in its solid positioning within a stable, established community. The data shows the home holds its value well, with an assessed value that ranks above average for the immediate area. This suggests a property that has been cared for and is considered a sound investment within its local market. The renovated basement adds functional living space, a key update for a home of this era.
This home would best suit first-time buyers, downsizers, or practical investors looking for a manageable, no-fuss property in a mature neighbourhood. It’s not the largest or newest home on the block, but its above-average assessment for the area indicates a reputation for quality and upkeep that makes it a reliable choice. It’s for someone who values community stability over flashy features.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others?
At just over 1,000 sqft, it’s very typical for Kildare-Redonda, ranking around the neighbourhood average. It is, however, notably smaller than the Winnipeg city-wide average for homes, which is closer to 1,342 sqft.
2. What does the assessed value tell us?
The assessed value of $34,400k is above the average for Kildare-Redonda, ranking in the top 19% locally. This often signals that the property is in better condition, has desirable updates, or is simply well-regarded compared to its immediate peers.
3. Is the 1965 build date a concern?
The year built is typical for the street and area. While systems like plumbing or electrical may be original or updated, the home’s age is consistent with the character of the neighbourhood. The renovated basement is a positive sign of proactive maintenance.
4. What is the recent sales history?
Public records indicate it last sold between August 2022 for a price in the range of $37.50k to $40.50k. For the exact sale price, you can request the information directly via the website.
5. How does the lot size impact potential?
The lot is just under 5,100 sqft, which is standard for the area. It provides adequate outdoor space for gardening or recreation but is not unusually large. The detached garage offers flexibility for parking or storage.