135 Edward Avenue E

Property Overview

This is a compact, one-storey home built in 1920 on a standard city lot in Winnipeg's Kildare-Redonda neighbourhood. At 683 square feet, its living space is notably smaller than most homes in the area and across the city. The property has an unfinished basement and no garage. Its key metrics—size, assessed value, and year built—consistently rank in the bottom tiers compared to its immediate street, neighbourhood, and city-wide peers. It last sold in July 2021 for an estimated $17.5k to $20.5k, aligning with its low assessed value of $21,800.

Key Characteristics & Appeal

This property’s primary appeal lies in its position as one of the most accessible entry points into homeownership in Winnipeg. Its extremely low price and assessed value are its defining characteristics, making it a candidate for a cash purchase or a very modest mortgage. The appeal is not in its current condition or size, but in its potential as a blank canvas. It would suit a hands-on buyer looking for a project—perhaps a first-time investor aiming to renovate and rent, or a minimalist owner willing to live in a work-in-progress. The lot size, while below average for the city, is typical for the area and offers outdoor space. A less obvious perspective is that such a modestly valued home can provide significant shelter and equity-building opportunity with a very low property tax burden, which can be a strategic financial advantage.

Frequently Asked Questions

1. Why is the price and assessed value so much lower than other homes?
The home is very small (683 sq ft), over 100 years old, and lacks modern renovations and features like a finished basement or garage. The assessed value reflects its current state and market position as a basic, no-frills property.

2. What type of buyer is this home best suited for?
It is best suited for an investor, flipper, or a very budget-conscious, handy first-time buyer who is prepared to invest sweat equity and capital into renovations over time.

3. Is the unfinished basement a pro or a con?
It depends on the buyer's plans. It's a con for someone seeking move-in-ready space, as it adds no livable square footage. It's a potential pro for a renovator, as it offers mechanical systems and raw space to develop in the future, adding value.

4. How reliable are the sold price estimates shown?
The ranges are based on available public data. For precise historical sale figures, you must request the exact sold price history via email from the site, as the fine print indicates these are estimates.

5. The rankings show this home is "below average" in almost every category. Is that a bad sign?
Not necessarily. It accurately signals that this is not a typical, move-in-ready family home. For the right buyer, these rankings highlight the property's affordability and underscore the opportunity to increase its value through improvements, as it has considerable room to grow relative to area norms.