Property Overview
This one-storey home at 364 Dowling Avenue E in Winnipeg's Kildare-Redonda neighbourhood presents a practical and value-oriented opportunity. Its key appeal lies in a combination of above-average investment in the property and a manageable scale, set on a decent-sized lot.
Key Characteristics & Ideal Buyer
The 960 sqft house sits on a 5,092 sqft lot, offering more outdoor space than many in the immediate area. A renovated basement adds functional living space. Built in 1972, it is newer than many comparable homes nearby. The standout metric is its Assessed Value of $35,800, which ranks in the top 10% for the neighbourhood, suggesting municipal assessments reflect improvements or conditions that outpace the area average. However, its living area is modest, especially when compared to the Winnipeg city-wide average.
This property would suit a first-time buyer or a downsizer looking for a solid, no-frills home in a stable neighbourhood without a massive footprint to maintain. It’s also a candidate for a value-focused investor, given the renovated basement and the apparent value upside indicated by the assessment data relative to its peers. The appeal is less about grandeur and more about getting a well-positioned asset relative to its local market.
Frequently Asked Questions
1. What does a high assessed value relative to the area actually mean?
It typically indicates that the municipality has assessed the property’s value higher than most of its neighbours, often due to factors like renovations, additions, or superior condition. It can be a sign of a well-maintained or improved property but is just one factor in determining market price.
2. Is the living space sufficient for a small family?
At 960 sqft above grade (plus the renovated basement), the space is compact. It would work best for a small or young family comfortable with efficient living, or for those who prioritize lower utility and maintenance costs over spacious rooms.
3. What are the implications of a detached garage?
A detached garage offers flexibility—it can be used for parking, storage, or as a workshop without concerns about fumes or noise entering the house. The trade-off is convenience, as you’ll need to go outside to access your vehicle in winter.
4. The home sold in 2021. What can that price history tell me?
The sold price range from 2021 ($34.5k-$37.5k) is close to the current assessed value, suggesting stability. Reviewing how prices have moved for similar homes since then would be crucial to understanding current market value.
5. How does the lot size benefit me?
At over 5,000 sqft, the lot is larger than many in the neighbourhood. This provides more private outdoor space for gardening, play, or entertaining, and may offer future potential for additions or landscaping projects that smaller lots cannot accommodate.