Property Overview
5 Colonial Court is a 3-level split home built in 1963, situated on a generous 6,354 sqft lot in Winnipeg's Kildare-Redonda neighbourhood. With 1,083 sqft of living space, a renovated basement, and a detached garage, it presents a practical and well-proportioned family home. Its appeal lies in its above-average lot size for the area, offering more outdoor space than many neighbouring properties, combined with the functional layout of a classic split-level design. The renovated basement adds modern livable space, increasing the home's utility.
This property would suit first-time buyers or growing families looking for a solid, no-frills home in a established neighbourhood. It's also a sensible choice for value-oriented buyers who prioritize land size and functional interior space over a brand-new build, and who are comfortable with a home of this vintage.
Key Details & FAQs
Key Characteristics & Appeal
- Layout & Space: The 3-level split design offers good separation of living and sleeping areas. The 1,083 sqft footprint is efficiently used, and the renovated basement provides valuable additional finished space.
- Lot & Location: The lot is a significant asset, ranking in the top 9% for size within Kildare-Redonda. This offers ample yard space for play, gardening, or future projects, setting it apart from many homes on smaller lots.
- Value & Condition: As a home from 1963, buyers benefit from established neighbourhoods and mature landscaping. The renovated basement suggests some updates have been made, though the main living areas may retain original character. Its assessed value is above average for the local area, indicating a solid perceived worth.
Who It Suits
This home is ideal for practical buyers. It suits first-time homeowners ready for a project-friendly house with good bones, or families seeking affordable space indoors and out. It's less suited for those seeking a completely modern, open-concept layout or a turn-key property without any need for updates.
Frequently Asked Questions
1. How does the lot size compare to others nearby?
The lot is 6,354 sqft, which is notably larger than many in Kildare-Redonda. It ranks in the top 9% for the neighbourhood, meaning over 90% of comparable area homes sit on smaller lots.
2. What should I know about a home built in 1963?
While offering character and established infrastructure, key systems like the roof, plumbing, electrical, and heating are likely original or have been updated at various times. A thorough inspection is recommended to understand the condition and timeline for any potential updates.
3. What does "renovated basement" typically mean here?
It indicates the lower-level living space has been modernized, likely with finished walls, flooring, and ceilings. It's important to clarify the scope, quality, and permits for this renovation, as well as whether it includes a bathroom or secondary living area.
4. How does the living space feel for a 3-level split?
At 1,083 sqft, the living area is compact but efficiently arranged across multiple levels. This style can feel cozy and offers defined zones, but may involve more stairs than a bungalow or two-story home. The renovated basement effectively adds to the usable space.
5. What is the context of the last sold price?
Public records show it sold for an estimated range of $305,000 to $335,000 in October 2023. This recent sale provides a concrete market benchmark, but the current value will be influenced by market conditions and any changes made since then.