510 Kildare Avenue E

Property Overview: 510 Kildare Avenue E, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home on Kildare Avenue E presents a practical opportunity centered on its generous lot. The house itself, built in 1958, is modest in size at 784 sq ft, placing it below the average living area for the neighborhood and city. However, its key asset is a significantly larger-than-average land area of 6,710 sq ft, ranking in the top 6% of the local area. This creates a clear value proposition: you are investing primarily in the land and location, with a functional, renovated basement and a detached garage included.

The appeal lies in this potential. The property suits a specific buyer: someone looking for an affordable entry into the Kildare-Redonda area who values outdoor space for gardening, pets, or future expansion more than immediate square footage. It’s also a sensible fit for downsizers seeking a manageable single-level layout without sacrificing yard size. The assessed value is around the average for comparable homes, suggesting a stable, un-inflated baseline. A thoughtful perspective is recognizing this as a "lot-first" purchase; the existing home covers the basics, while the true long-term value may be in the land itself.

Section 2: Frequently Asked Questions

1. Is the house too small?
At 784 sq ft, the living space is compact and below the neighborhood average. It will suit those comfortable with efficient living or who plan to use the renovated basement for additional space. The trade-off for the smaller home is the unusually large lot.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or agent to understand if it’s a finished living space, a recreational room, or primarily updated utilities.

3. How does the large lot affect property taxes?
While the lot is large, the assessed value—which taxes are based on—is around the local average ($310k). This suggests the smaller home size balances the lot value, likely resulting in a tax bill comparable to other area homes, not disproportionately higher.

4. What is the typical buyer or neighbor like here?
Given the mix of modest, older homes on sizable lots, the area likely attracts long-term residents, families, and practical homeowners. It’s a established, no-frills neighborhood where property values are steadier and more grounded.

5. Can the exact past sale price be verified?
Yes, but not directly on the public listing. The sold price history shown is a range. The listing service offers to provide the exact sold price via email upon request, which is a common practice to ensure accuracy and verify data.