Property Overview & Appeal
This 3-level split home at 350 Edward Avenue E in Winnipeg's Kildare-Redonda neighbourhood presents a practical opportunity with distinct advantages. Its key characteristic is a well-proportioned lot—at 5,599 sqft, the land size is notably above average for both the street and the immediate area, offering more outdoor space than many comparable properties. The 1,116 sqft living area is also generous for the locale. A renovated basement adds modern livability to this 1963-built home. There is no garage or pool.
The appeal lies in this balance of space and value. The assessed value sits below area averages, which may indicate an entry point for buyers, while the above-average lot and living space suggest room to grow or personalize. It would suit a first-time buyer or practical investor who prioritizes land size and interior space over turn-key perfection, and who sees potential in a home that is fundamentally sound but may benefit from updates over time. The mature neighbourhood and larger lot could also appeal to those seeking a sense of established community and private outdoor space without moving to the city's newer outskirts.
Frequently Asked Questions
1. Is the below-average assessed value a concern?
Not necessarily. It primarily reflects the city's valuation for tax purposes, which lags behind the current market. It can signal a more affordable entry point, but the final sale price will be determined by market conditions.
2. What does "renovated basement" typically mean in a home of this era?
It usually indicates updates to key areas like flooring, lighting, and drywall, and possibly a modernized bathroom or living space. It's wise to clarify the scope and quality of the renovation, and to check for updated moisture protection, which is crucial in older Winnipeg basements.
3. How does the lack of a garage affect daily living and value?
It simplifies maintenance and reduces build costs, which can keep the purchase price accessible. For many buyers, a driveway for parking combined with the larger lot offers the option to add a garage or shed later, treating it as a future project rather than an immediate drawback.
4. The home is older—what should I be most mindful of?
While the basement has been renovated, focus inspection on the major original components: the roof, windows, and the heating/electrical systems. Their age and condition will be key factors in your maintenance planning and budget.
5. How does this home truly compare to others on the street?
The data shows it has a larger lot and is slightly newer than most direct neighbours. This means you might get more private outdoor space than the house next door, which is a less obvious but valuable advantage in a mature neighbourhood.