Property Overview
This 800 sqft, one-storey home at 313 Larche Crescent in Winnipeg's Kildare-Redonda neighbourhood presents a specific and practical opportunity. Built in 1973, it sits on a 3,782 sqft lot and features a renovated basement. The home lacks a garage or pool. Its key appeal lies in its position as a modest, entry-level property with recent updates below ground. The assessed value is notably lower than area averages, suggesting a potentially accessible price point.
Key Characteristics & Ideal Buyer
The home’s living space is compact, ranking in the top 66% on its own street but below the wider neighbourhood and city averages. Its standout characteristic is its renovated basement, which adds functional living space not reflected in the main floor square footage. The lot is smaller than most in the area, which translates to less exterior maintenance. A thoughtful perspective is that while the home is below average in size and value for Kildare-Redonda, it is actually newer than 96% of homes in the immediate neighbourhood, potentially meaning fewer age-related issues than nearby properties.
Its primary appeal is affordability and manageability. It would suit a first-time homebuyer seeking a foothold in the market, an investor looking for a rental property with recent improvements, or a downsizer wanting a single-level layout with minimal upkeep. The renovated basement offers flexibility for a home office, rental suite, or family space, which is a significant asset given the modest main floor area.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify with the city for permits and compliance if considering rental income.
2. How does the low assessed value affect property taxes?
A lower assessed value typically results in lower municipal property taxes compared to higher-valued homes in the same area, which can be a ongoing cost advantage.
3. Where does the lack of a garage rank as an inconvenience?
This is common on older crescent lots. Buyers should assess street parking availability, especially in winter, and consider the cost and feasibility of adding a shed or future carport.
4. The home sold in 2022. What might that indicate?
The previous sale was relatively recent, suggesting the current sellers may have completed the basement renovation. It’s worth inquiring about the scope and quality of that work.
5. The lot is smaller than average. Is that a drawback?
It depends on priorities. A smaller lot means less yard work and lower landscaping costs, which can be a benefit for those seeking low maintenance. It does, however, limit privacy and space for large gardens, decks, or expansions.