Property Overview: 475 Widlake Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 4-level split home, built in 1963, presents a compelling opportunity in the Kildare-Redonda neighbourhood. Its primary appeal lies in its above-average space and value within a highly localized context. With 1,495 sqft of living area, it ranks in the top 3% of homes on its own street and the top 1% within the wider neighbourhood for size, offering more interior room than most comparable local properties. It sits on a 5,500 sqft lot, which is also larger than many nearby lots.
The home features a renovated basement and a detached garage. Recent sales data shows a significant increase in value between 2017 and 2023, indicating a positive trajectory. The assessed value is notably strong for the immediate area, ranking in the top 3% of Kildare-Redonda.
This property would suit buyers looking for a spacious, established home in a quiet neighbourhood without a premium city-wide price tag. It’s ideal for someone who values room to grow, a decent-sized yard, and a home that stands out positively against its direct neighbours in terms of square footage and lot size. The renovated basement adds modern utility to the classic split-level layout.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to the rest of Winnipeg?
While the home ranks as "elite" within its own neighbourhood for size and value, its metrics are around the city-wide average. This suggests you are paying primarily for the desirable space and lot within this specific community, not for a city-top premium.
2. What does the sales history tell us?
The sold price increased substantially from the 2017 range ($22.5k-$25.5k) to the 2023 range ($35.5k-$38.5k). This indicates strong appreciation over that six-year period, a positive sign for the property’s market position.
3. Is the "renovated basement" a full suite?
The listing confirms the basement is renovated but does not specify it as a legal suite. Buyers should inquire about the scope of renovations, permits, and whether it includes a separate entrance or kitchen facilities.
4. What are the implications of a 1963 build?
Built in 1963, the home is of an age where major systems (like roof, plumbing, electrical, and foundation) may be due for updates or diligent inspection. Its age is typical for the street and neighbourhood.
5. How does the detached garage affect winter usability?
A detached garage is a useful asset for storage and vehicle protection. However, in a Winnipeg winter, it means a walk to and from the house, which some buyers may find less convenient than an attached garage.