Property Summary: 139 Newman Avenue E, Winnipeg
Key Characteristics & Appeal
This one-storey home in Kildare-Redonda is a practical, renovated property built in 1959. Its key appeal lies in its balance of a modernized living space within a well-established neighborhood. The 936 sqft home sits on a 4,495 sqft lot and features a renovated basement and a detached garage.
The home’s value is underscored by its assessed value, which ranks above average for both its street and neighborhood, suggesting it is well-maintained relative to its peers. While its living space is modest compared to the city-wide average, it is competitively sized within the immediate area. This creates an interesting dynamic: it’s a home that offers more value and updates than many nearby properties, yet remains an affordable entry point into the city’s housing market.
This property would suit first-time buyers or downsizers looking for a manageable, single-level layout with recent updates. It’s also a sensible choice for an investor seeking a renovated property with strong value metrics in a stable neighborhood. The detached garage adds practical utility for storage or a vehicle.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold in 2019 for an estimated $26.5k–$29.5k. Its current assessed value of $33.5k is higher, which typically reflects municipal valuation for tax purposes and may indicate improvements or market changes since the last sale.
2. Is the living space sufficient for a small family?
At 936 sqft, the living area is slightly below the neighborhood average. It would be most comfortable for individuals, couples, or a very small family, prioritizing efficient use of space over ample room.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, ceiling height, permits, and whether it includes a separate entrance or additional bedrooms.
4. How does the lot size impact potential?
The lot is just under 4,500 sqft, which is smaller than many city lots but average for the street. It provides adequate outdoor space for a patio or garden but may have limitations for large additions or pools.
5. Why are the rankings for Year Built so different?
The home, built in 1959, ranks "above average" on its street (where many homes are older) but "below average" in the wider Kildare-Redonda neighborhood. This highlights that the immediate block features older housing stock, which can be a sign of a mature, established streetscape.