Property Overview: 351 Larche Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, renovated bi-level home built in 1972, situated on a smaller lot in Winnipeg's Kildare-Redonda neighbourhood. Its key appeal lies in being a modest, entry-level property with recent updates, most notably a renovated basement that adds functional living space to the 720 sqft main floor. The home's assessed value is notably below averages for the street, area, and city, positioning it as one of the more affordable options in the market.
The property would suit first-time buyers, downsizers, or investors seeking a straightforward, lower-maintenance home without major renovation needs. Its smaller scale and lot size mean lower utility and property tax burdens, which is a practical, less obvious advantage. A thoughtful perspective is that while the home ranks below average in size and land area for its immediate area, it benefits from being in a well-established neighbourhood where the year built is actually newer than many surrounding homes, suggesting potentially fewer age-related issues than area averages.
Section 2: Frequently Asked Questions
1. Is the home truly move-in ready?
Yes, the listing confirms a renovated basement. However, as the main living area is compact, prospective buyers should assess if the overall layout and flow suit their needs.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's smaller size, lot dimensions, and market position within its specific locale. It is consistently below average for its street, neighbourhood, and city, which is a key indicator of its pricing tier.
3. What does the sold price history indicate?
The home sold in 2021 for an estimated $27.5k-$30.5k, which was below the average sold price for the area at that time. An earlier sale in 2017 was at a significantly lower price, showing appreciation over that period.
4. Are there any concerns with the smaller lot size?
The lot is 3,173 sqft, which is smaller than most on the street and in the city. This limits expansive outdoor space but reduces yard maintenance. It's important to verify setback rules and ensure any desired outdoor living or storage structures are feasible.
5. What is the neighbourhood like for a home of this size?
Kildare-Redonda features homes of varying sizes and vintages. This property is on the more modest end of the spectrum for the area, which can be an advantage for keeping property taxes in check while still providing access to the neighbourhood's amenities and established community feel.