Property Overview
This 1965-built, one-storey home at 18 Laurentia Bay in Winnipeg's Kildare-Redonda neighbourhood presents a solid, no-fuss offering. With 1,204 sqft of living space and a recently renovated basement, it sits on a larger-than-average lot (5,498 sqft) for the area. The home features a detached garage and no pool. Its assessed value of $35.90k positions it above average for both its immediate street and the wider neighbourhood.
Key Characteristics & Appeal
The primary appeal of this property lies in its space and established location. The living area is notably larger than most comparable homes in Kildare-Redonda, placing it in the top 5% locally. Combined with the generous lot size, it offers room to breathe—a relative rarity for older neighbourhoods. The renovated basement adds functional living space without the need for immediate investment.
Its value is grounded in consistency: the home’s metrics (size, assessed value, lot) consistently rank above average on its street and in the neighbourhood, suggesting it's a well-regarded property in a stable area. It last sold between 2016-2017 for approximately $25.50k–$28.50k.
This home would best suit a practical buyer looking for move-in-ready space without the premium of a brand-new build. It’s ideal for someone who values a larger interior and yard over flashy amenities like a pool, and who appreciates the character and maturity of a 1960s neighbourhood. The detached garage is a plus for those needing workshop space or extra storage.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to understand the quality of the renovation, the materials used, and whether it includes a proper secondary suite or is simply finished living space.
2. How does the assessed value relate to market price?
The assessed value ($35.90k) is for municipal tax purposes and is typically lower than current market value. It is, however, a useful benchmark, showing this home is assessed higher than 91% of similar properties in Kildare-Redonda, indicating perceived value by the city assessor.
3. Is the lot size a significant advantage?
Yes. At 5,498 sqft, the lot is larger than roughly 85% of those on Laurentia Bay and 71% in the neighbourhood. This provides more outdoor space for gardening, recreation, or future expansion (subject to zoning) than is typical for the area.
4. What is the neighbourhood like?
Kildare-Redonda is an established, mature neighbourhood. The home's data shows it sits among properties primarily built in the mid-1960s, suggesting a consistent streetscape. Its above-average rankings for the area hint at a well-maintained pocket within the community.
5. Why is the city-wide average living area higher, but this home ranks well locally?
This highlights the importance of context. While the city-wide average for comparable homes is 1,342 sqft (likely including newer suburban areas), this home's 1,204 sqft is significantly larger than the ~966 sqft average for similar homes in Kildare-Redonda. Its appeal is its spaciousness for this specific, established neighbourhood.