Property Overview: 163 Newman Avenue E
Key Characteristics & Appeal
This 1970-built bi-level home at 163 Newman Avenue E is a compact and efficient property in Winnipeg's Kildare-Redonda neighbourhood. With 688 square feet of living space, it is notably smaller than most homes in the area and across the city, positioning it as a true starter home or a downsizing opportunity. Its key features include a renovated basement and a detached garage.
The primary appeal lies in its practicality and affordability. The home's assessed value is well below city averages, suggesting a lower property tax burden and an accessible entry point into the market. While the lot is modest at just under 3,000 sqft, it offers manageable outdoor space with less maintenance. A less obvious perspective is its age: built in 1970, it is significantly newer than most neighbouring homes, which could mean fewer concerns related to very old plumbing, electrical, or foundations common in older Winnipeg houses.
This property would best suit first-time buyers prioritizing financial accessibility over space, or investors looking for a straightforward rental property. It could also appeal to empty-nesters seeking to right-size into a low-maintenance home without leaving the community.
Frequently Asked Questions
1. Is the living space too small?
At 688 sqft, this is a compact home. It is smaller than the vast majority of homes in the neighbourhood and city. It would suit individuals, couples, or those comfortable with efficient use of space.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's smaller size, modest lot, and the local market. A lower assessment typically translates to lower municipal property taxes, which is a key ongoing cost saving.
3. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would be a critical question for your viewing and for any home inspection to understand the quality and permits for the work done.
4. How does the 1970 build year compare to nearby homes?
This home is a relative newcomer to its street. While many Winnipeg homes are older, this property's 1970 construction date places it in the top 3% newest homes on its block, which can be an advantage in terms of building materials and systems.
5. What are the sold prices for comparable homes on this street?
Public data shows a home with nearly identical specs at 329 Mcmeans Avenue E sold in late 2020. For the exact sale price of 163 Newman Avenue E or other comparables, you can request the information directly via the provided email service on the listing page.