367 Edward Avenue E

Property Overview

This single-storey home at 367 Edward Avenue E in Winnipeg's Kildare-Redonda neighbourhood presents a practical and value-oriented opportunity. Built in 1963, its key appeal lies in a combination of above-average space for its immediate area and a generous, well-sized lot. With 1,053 sqft of living area and a renovated basement, it offers functional space. The property lacks a garage or pool, keeping maintenance simpler and costs down. Its assessed value is consistently around the average for its street, neighbourhood, and city, suggesting it is priced in line with the market.

The home would suit first-time buyers seeking a solid entry point into homeownership, or practical investors looking for a rental property with a stable valuation. Its appeal is grounded in being a straightforward, no-frills property in a mature neighbourhood, where the land itself represents a significant portion of the asset's value. A thoughtful perspective is that while the house is average in many metrics, its lot size (5,499 sqft) ranks in the top 6% on its street, offering relative rarity and future potential that newer subdivisions often lack.

Frequently Asked Questions

What is the exact selling history?
The public data shows a sale in April 2017 for an estimated range of $22.5k to $25.5k. The precise sale price is available upon direct request from the listing source, as they manually provide this detail to ensure accuracy.

How does this home compare to others nearby?
The home's living area is above average for both Edward Avenue E and the broader Kildare-Redonda area. Its lot size is notably larger than many of its immediate neighbours, ranking in the top 6% on the street for land area.

Is the basement finished?
Yes, the basement has been renovated, adding to the home's functional living space.

What are the property taxes?
While the exact tax amount isn't listed here, it would be calculated based on the provided assessed value of $30,500 and the City of Winnipeg's current mill rate.

What is the potential for this property?
The combination of a renovated basement and a larger-than-average lot for the street provides a good foundation. Potential could include outdoor living space, gardening, or future expansion, subject to local zoning regulations. Its average assessment suggests it's not overvalued, offering a stable base for future equity.