Property Overview
27 Cranbrook Bay is a 1961 bi-level home in Winnipeg's Kildare-Redonda neighbourhood. Its primary appeal lies in a significant and rare advantage: an exceptionally large lot. At over 9,100 square feet, the land size ranks in the top 2% of the area, offering substantial outdoor space and future potential that is uncommon for the city. The home itself is more modest, with a renovated basement and 816 sqft of living area that is below average for its local comparison groups. It features a detached garage and has an assessed value that is consistently around the average for its street, neighbourhood, and city.
This property suits a specific buyer. It's ideal for someone who prioritizes land over living square footage—perhaps a gardener, someone wanting space for pets or children to play, or a long-term buyer who sees the value in the lot itself for future expansion or redevelopment. It also suits a practical buyer looking for an entry point into a established neighbourhood without a premium price tag for the house itself, understanding that the value is anchored in the land.
Frequently Asked Questions
1. Is the house too small?
At 816 sqft, the living space is below the average for similar homes in Kildare-Redonda. The renovated basement adds functional space, but buyers should be comfortable with a compact main living footprint. The trade-off is the unusually large yard.
2. What makes the lot so valuable?
The 9,127 sqft lot is significantly larger than most in Winnipeg. In Kildare-Redonda, it ranks in the elite top 2%, meaning it offers privacy, space for additions, gardens, or outdoor structures that are simply not available with a standard city lot.
3. How does the assessed value compare to recent sale prices?
The home is currently assessed at $32,200. The last known sale was in March 2020 for an estimated $22,500-$25,500. This historical sale price is well below the current assessment, highlighting how market values and assessments can differ. For the exact sale price, you can request the information via email from the listing source.
4. What does the "below average" living area ranking mean?
The rankings compare this home to specific groups. Its living area is smaller than 82% of homes on its own street, 83% in Kildare-Redonda, and 90% citywide. This quantifies that the house itself is compact, emphasizing that this property is primarily a land play.
5. Who would be the most likely buyer for this home?
The most likely buyer values outdoor space and future potential over immediate move-in size. This could include first-time buyers willing to grow into the space over time, investors recognizing the underlying land value, or homeowners planning a significant renovation or rebuild who are essentially purchasing the location and lot size.