Property Overview
This one-storey home at 31 Cranbrook Bay in Winnipeg's Kildare-Redonda neighbourhood presents a practical opportunity. Built in 1962, its key appeal lies in a renovated basement and a detached garage, sitting on a land parcel that is notably larger than many in the immediate area. With 914 sqft of living space, the house itself is more compact than average for both the street and the city, suggesting a focus on efficient living rather than spaciousness. The assessed value positions it as a more accessible entry point within its local market.
Its charm is grounded in modesty and potential. The above-average lot size for the street and neighbourhood is a significant asset, offering valuable outdoor space or future expansion possibilities rare for the area. The renovated basement adds functional living space, which is a key upgrade. This property would likely suit first-time buyers seeking a foothold in a established neighbourhood, downsizers looking for a manageable single-level layout without sacrificing yard space, or value-oriented investors attracted by the foundational upgrades and the land component. It’s a home for those who see the value in the land and the renovated elements, and who are comfortable with a cozy interior footprint.
Frequently Asked Questions
Is this considered a small house?
Yes, at 914 sqft, the living area is below the average for both Cranbrook Bay and Winnipeg overall. It’s a compact, efficient layout.
How does the lot size compare?
This is a standout feature. The lot is over 5,700 sqft, which is larger than most properties on the same street and in the wider Kildare-Redonda neighbourhood, offering more private outdoor space than typical.
What does "renovated basement" mean?
The listing confirms the basement has been renovated, but the specific scope and quality of finishes are not detailed. This would be a key point for a home inspection and discussion with the seller.
Why is the assessed value different from the last sold price?
The assessed value ($30.10k) is an administrative value for tax purposes. The home sold in late 2023 for between $29.5k and $32.5k, indicating the assessed value is closely aligned with its recent market price.
What are the implications of a detached garage?
A detached garage offers flexibility and can reduce noise or fumes from entering the house. However, it may be less convenient during Winnipeg winters compared to an attached garage.