Property Overview
163 Edward Avenue E is a one-storey home in Winnipeg's Kildare-Redonda neighbourhood. Built in 1960, it features 1,001 sqft of living space, a renovated basement, and a detached garage on a 4,395 sqft lot. Its assessed value is $30,500.
Key Characteristics & Appeal
This home presents a practical, no-frills opportunity in a mature neighbourhood. Its key appeal lies in its solid baseline: a renovated basement adds functional living space, and the detached garage offers valuable storage or workshop potential. The lot size, while below average for the immediate area, still provides adequate outdoor space for a garden or recreation.
The home suits first-time buyers or practical investors looking for an affordable entry point into the Winnipeg market. It’s a house that prioritizes function over grandeur. A thoughtful perspective is that its "around average" metrics across the board for the street and neighbourhood suggest a property that is unlikely to be over-improved for the area, potentially offering a stable, lower-risk investment without the premium price tag of a standout home. It’s for someone who sees a sound structure and a blank canvas for gradual, personalized updates.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to verify with the seller or a viewing, as it could range from basic moisture control and drywall to a fully finished living area.
2. How does the assessed value relate to the expected selling price?
The assessed value is for municipal tax purposes. The last recorded sale was between $22.5k and $25.5k in early 2020. Market conditions, the home's condition, and the renovated basement will determine if the current selling price aligns with, or differs significantly from, these figures.
3. Is the land size a limitation?
At 4,395 sqft, the lot is smaller than many on the same street. This may limit extensive expansions like a large addition or pool, but it typically means less yard maintenance—a plus for some buyers.
4. What are the implications of the home's age (built 1960)?
While the core systems may have been updated, the age suggests due diligence is important. Inquiries should be made about the age and condition of the roof, wiring, plumbing, and heating systems, especially alongside the basement renovation.
5. How can I find out the exact historical sale prices?
The exact sold prices are not publicly displayed in the listing data. As noted, you must request this information directly via email from the source, which provides it manually.