378 Dowling Avenue E

Property Overview: 378 Dowling Avenue E

Key Characteristics & Appeal

This 960 sqft one-storey home, built in 1972, presents a solid and practical opportunity in Winnipeg's Kildare-Redonda neighbourhood. Its key appeal lies in its strong value proposition and move-in-ready condition, highlighted by a renovated basement. The home sits on a near-standard 5,000 sqft lot with a detached garage.

The data reveals a compelling narrative: while the living space is modest compared to the citywide average, the property's assessed value ranks significantly above average for both its street and neighbourhood. This suggests it may offer more inherent value or desirability within its immediate area than its size alone indicates. The recent sale in late 2022 further supports a stable market perception.

This property would suit first-time buyers seeking a manageable, updated home without a sprawling footprint, or investors looking for a well-positioned rental property with modernized basics. It also appeals to downsizers or those who prefer single-level living. The above-average assessment for the area hints at a home that likely maintains its condition and appeal better than many direct peers, making it a prudent choice for a value-conscious buyer.

Frequently Asked Questions

1. Is the house small?
At 960 sqft, the living area is very close to the average for both Dowling Avenue E and the wider Kildare-Redonda neighbourhood. It is, however, notably smaller than the Winnipeg citywide average. This makes it a comfortably sized home for the area, ideal for individuals, couples, or small families.

2. Why is the assessed value higher than many neighbours?
The assessment ranks in the top 11% for the neighbourhood, which is unusually strong for a home of this size. This typically reflects factors like the renovated basement, overall property condition, lot desirability, or recent market activity on the street. It indicates the municipality views the property as holding above-average value in its local context.

3. What does "renovated basement" imply?
While specific finishes aren't detailed, this confirms the basement has been modernized beyond its original state. It should be assumed to be a finished, livable space, which effectively adds functional square footage to the 960 sqft main floor, a key asset for utility or extra living space.

4. How does the 2022 sale price relate to today's value?
The sold price range from October 2022 provides a relevant, recent benchmark. Market conditions have evolved since then, so this figure is a starting point for discussion. The current assessed value being in a similar range suggests stability, but a current market evaluation is essential for an accurate price.

5. What are the pros and cons of a detached garage?
A detached garage offers flexibility—it can be used as a workshop or project space without concerns about fumes or noise in the house. The trade-off is convenience, requiring you to go outside to access your vehicle, which can be a consideration during Winnipeg winters.