Property Summary: 323 Edward Avenue E, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1920, presents a classic character property with notable space. Its primary appeal lies in its generous proportions relative to its immediate area. With 1,308 sqft of living space, it ranks in the top 5% for size on its street and top 3% within the Kildare-Redonda neighbourhood, offering more room than most comparable local homes. It sits on a 5,150 sqft lot, which is larger than average for the street, providing valuable outdoor space.
The home’s assessed value is notably below average for the city, which, combined with its above-average living area, suggests a potentially favourable value proposition for the square footage offered. It features a detached garage and a basement that is present but not renovated, indicating an opportunity for customization.
This property would suit a value-conscious buyer looking for a character home with ample interior and land space in a mature neighbourhood. It is ideal for someone comfortable with a home of its era, possibly seeking a project to update the basement or other areas over time. A less obvious perspective is that its older vintage and below-average assessment could appeal to those interested in long-term holds, where principal improvements might align well with the solid underlying lot and spatial advantages.
Frequently Asked Questions
1. What does "not renovated" for the basement mean?
It indicates the basement is functional and included in the living area square footage, but it has not been modernized or finished to contemporary standards. Buyers should budget for potential updates.
2. How can the assessed value be so much lower than the city average?
The assessment reflects a combination of the home’s age (1920), its specific location within the city, and its condition relative to newer properties. It does not necessarily reflect market sale price but indicates a lower property tax base.
3. Is the large lot size a benefit?
Yes. The lot is larger than most on the street, offering more private outdoor space, potential for gardening, or future expansion, which is a valuable and less common asset in established neighbourhoods.
4. Who would this home not suit?
It may not suit buyers seeking a modern, turn-key property with no immediate projects, or those who prioritize a newer home’s infrastructure and efficiency over character and space.
5. Where can I find the exact historical sale prices?
Exact sold prices are not published publicly. You can request the precise history via email from the listing source, which provides the data manually without marketing spam.