Property Overview: 51 Shadyside Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 51 Shadyside Drive in the Kildare-Redonda neighbourhood presents a straightforward, value-oriented opportunity. Its key characteristic is its compact size, with 720 sqft of living space, which is notably smaller than most comparable homes on its street and in the wider city. This is balanced by a renovated basement and a moderately sized lot of just over 5,300 sqft.
The appeal lies primarily in its affordability and efficiency. With a historically low assessed value and sold prices, it represents one of the most accessible entry points into homeownership in Winnipeg. It’s a property that prioritizes function and land over square footage. The home is also newer than many on its street (built in 1970), which can suggest more modern construction fundamentals.
This property would suit first-time buyers or investors seeking a low-cost foothold in the market. It’s for those comfortable with a smaller interior footprint who may value the potential of the renovated basement and the outdoor space more than expansive main-floor living areas. It’s a practical choice for someone looking to minimize their mortgage burden or for an investor considering a long-term hold or rental property.
Section 2: Frequently Asked Questions
1. Is this a "tiny home"?
While its living area is well below the city average, it is not officially classified as such. The bi-level design and renovated basement provide distinct separate living zones, offering more spatial variety than a typical single-floor tiny home.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home’s relatively small size and its market position within its specific area. It is priced comparably to similar-value homes in other neighbourhoods, indicating it’s assessed based on its attributes, not an anomaly.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Prospective buyers should inquire about the finish quality, permits, and whether it includes a separate entrance, legal suite potential, or additional bedrooms.
4. How does the lack of a garage affect daily life and value?
This is a key consideration in Winnipeg’s climate. Buyers should budget for alternative parking and winter vehicle management. The lower price point partially reflects this, and the lot size may allow for a future garage addition, subject to local bylaws.
5. The sold price history shows ranges, not exact figures. Why?
Exact sale prices are not always publicly available in Manitoba. The provided ranges are estimated from public data. For precise historical pricing to inform your offer, you can request the exact figures directly from the listing service.