363 Redonda Street

Property Overview: 363 Redonda Street

Section 1: Key Characteristics & Appeal

This 1975-built, three-level split home in Winnipeg's Kildare-Redonda neighbourhood offers a practical and grounded living proposition. With 1,032 sqft of living space, it sits comfortably around the average for its immediate area, making it a sensible size for smaller households or first-time buyers. A key feature is its renovated basement, adding valuable finished space. The home sits on a 5,730 sqft lot, which is notably above average for both the street and the neighbourhood, presenting a clear advantage for outdoor use, gardening, or future expansion.

Its primary appeal lies in its balance and potential. The assessed value is relatively modest for the area, which could indicate an opportunity for value-conscious buyers. The above-average lot size in a mature neighbourhood is a significant asset that isn't immediately reflected in the living area square footage. This property would suit a first-time buyer looking for a manageable home with room to grow outdoors, a practical investor, or someone seeking an entry point into a stable neighbourhood without a premium price tag. It’s a home that prioritizes function and lot value over modern size or luxury finishes.

Section 2: Frequently Asked Questions

1. How does the home’s value compare to the area?
The home’s assessed value is above average for the broader Kildare-Redonda neighbourhood but below average for Redonda Street itself. This suggests it may represent good value within a desirable local context, though specific conditions and updates should be verified.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope, quality, or permitted status of the work. A buyer should inquire about the details of the renovation, what it includes (e.g., legal egress, moisture control), and seek documentation.

3. Is the lot size a major advantage?
Yes. The lot is over 5,700 sqft, ranking in the top 24% on its street and top 20% in the neighbourhood. This is a standout feature, offering more private outdoor space than many comparable properties, which is valuable for families, pets, or simply enjoying more greenery.

4. What is the significance of the home being a "3 Level Split"?
This is a common Winnipeg design from its era. It typically means living spaces are spread over multiple half-levels, which can create defined zones and an interesting layout. However, it also means more stairs, which is a consideration for mobility or for those preferring all living areas on one floor.

5. Why is the Year Built ranking so high for the neighbourhood?
Built in 1975, this home ranks in the top 2% for its year built within Kildare-Redonda. This indicates that most homes in this specific neighbourhood are older, making this one of the more recently built properties in the area—a positive for systems, structure, and potentially less immediate need for major updates compared to older stock.