Property Overview
This 833 sqft one-storey home at 178 Larche Avenue E in Winnipeg's Kildare-Redonda neighbourhood presents a straightforward, value-oriented opportunity. Built in 1968, it sits on a just-under 5,000 sqft lot and features a renovated basement and a detached garage. The home’s assessed value is closely aligned with area averages. Its most recent sale was in July 2024.
Key Characteristics & Appeal
The primary appeal of this property lies in its practicality and position as a manageable entry point into the market. The living space is compact but functional for a smaller household, and the renovated basement adds valuable flexible space. The detached garage and decent-sized lot offer practical benefits for storage, vehicles, or outdoor living. Statistically, the home sits in the middle of the pack for its immediate street and neighbourhood in terms of value and lot size, suggesting it’s a typical offering for the area without premium pricing. Its living area, however, is smaller than both neighbourhood and city averages, which is a key consideration.
This home would suit first-time buyers or downsizers looking for a low-maintenance, single-level layout without a large footprint. It’s also a candidate for investors seeking a rental property with a stable, average valuation in an established neighbourhood. A thoughtful perspective is that a home ranking "around average" in several metrics can represent a stable, lower-risk purchase without the volatility or premium of a top-tier property, allowing equity to build through mortgage payments and market appreciation over time.
Frequently Asked Questions
1. Is the house smaller than others in Winnipeg?
Yes. At 833 sqft, the living area is below the average for both the Kildare-Redonda neighbourhood and the city overall, placing it in the top 89% (meaning 89% of city homes are larger). This indicates a more compact living space.
2. How does its value compare to nearby homes?
Its assessed value is very typical. It ranks near the middle (around the 52nd to 66th percentile) when compared to homes on its street, in the neighbourhood, and across Winnipeg, indicating it is priced in line with local norms.
3. What does the sold price history show?
It sold in July 2024 for an estimated price between $305,000 and $335,000. The exact sale price is available upon direct request from the listing service.
4. What are the less obvious things to consider?
The home is older than most on its specific street (built in 1968, ranking in the top 92%, meaning 92% of homes on Larche Avenue E are newer). This may suggest more potential for upkeep compared to immediate neighbours, but it is typical for the wider neighbourhood and city. The lot size is also slightly below the city average.
5. Who might this property not suit?
Growing families needing multiple bedrooms and more interior space may find it too compact. Buyers seeking a modern home or one that stands out above neighbourhood averages in size or condition might want to look elsewhere.