Property Overview
46 Walden Crescent is a 1,040 sqft, 3-level split home built in 1962, situated on a 5,300 sqft lot in Winnipeg’s Kildare-Redonda neighbourhood. It features a renovated basement and no garage. The home presents a practical, no-frills opportunity in a mature area.
Key Characteristics & Appeal
This home’s primary appeal lies in its value and functionality within a well-established neighbourhood. With a living area and lot size that are consistently around the local average, it offers a comfortable footprint for a small family or a couple. The renovated basement adds usable living space, a significant asset in a home of this era. Its assessed value is notably below average for its immediate street, which can signal an entry point for buyers or indicate a property with room for modernization.
It would suit first-time buyers or practical investors looking for a solid foundation in a quiet, mature area without a premium price tag. The lack of a garage and the home’s age mean it appeals to those comfortable with some trade-offs, possibly seeing potential in the sizable lot or the value added by the basement renovation. It’s a home for those who prioritize location and liveable space over newer features and high-end finishes.
Frequently Asked Questions
1. Why is the assessed value lower than many neighbours on the same street?
While the home’s size is comparable, a lower assessment can often reflect the original condition of major systems (like roof, windows, or heating) compared to updated homes nearby, or differences in lot value. The renovated basement may not be fully reflected in the municipal assessment.
2. What are the implications of a 3-level split design?
This layout offers good separation of living and sleeping areas, often with a mid-level living room. However, it involves multiple short flights of stairs, which is worth considering for those with mobility concerns or very young children.
3. With no garage, what are the parking and storage options?
The property listing does not specify a driveway, so parking is likely on-street. Storage for tools and seasonal items would need to be creatively addressed, possibly using the renovated basement or a shed.
4. How does the sold price history from 2017 help?
The last known sale provides a historical benchmark, but it’s from eight years ago. Market conditions and the property itself have likely changed, especially with the basement renovation. It’s more useful for understanding long-term neighbourhood trends than current value.
5. What should I investigate about the “renovated basement”?
It’s important to determine the scope, quality, and permits for the renovation. Check for moisture issues common in basements of this age, the type of flooring used, and whether it added a proper bedroom or just recreational space.