Property Overview: 402 Kildare Avenue E, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1956, situated on a notably generous lot in the Kildare-Redonda neighbourhood. Its primary appeal lies in the combination of a renovated basement and a land area that is well above average for both the immediate street and the local area. With 720 sqft of living space, the house itself is smaller than most comparable properties, positioning it as an efficient and manageable footprint. The detached garage adds practical storage or workshop space.
The property’s value proposition is clear: it offers a solid, updated foundation (the renovated basement) on a sizable piece of land (5,851 sqft) without a premium price tag, as reflected in its assessed value being around the local average. This setup is ideal for a first-time buyer seeking an affordable entry into homeownership with room to grow outdoors, or for a downsizer looking for minimal interior upkeep but who still values private outdoor space. The large lot also presents a long-term opportunity for expansion or landscaping projects that would be impossible on a standard city lot, offering a creative canvas for the right owner.
Frequently Asked Questions
1. How does the home's size compare to others?
The living area of 720 sqft is below average for the street, area, and city. This indicates a compact, efficient layout suitable for individuals, couples, or those looking to minimize interior maintenance.
2. What is the significance of the lot size?
The land area of 5,851 sqft is a standout feature, ranking in the top 27% on the street and top 17% in Kildare-Redonda. This means you are getting more outdoor space than most nearby properties, which is a valuable and less common asset.
3. Has the property been updated?
The listing confirms the basement has been renovated. Inquiries should be made regarding the scope of the renovation and the condition/age of major systems in the main house (roof, wiring, plumbing, etc.).
4. What does the assessed value tell me?
The assessed value is around the local average, suggesting the property is priced in line with its neighbourhood peers. It’s important to note that assessed value is for tax purposes and market value can differ.
5. How stable has the property's value been?
Based on the sold price history, the property has seen gradual appreciation over recent sales (2017, 2022, 2023), consistent with broader market trends. The exact sold prices are available upon request from the listing service.