Property Overview
This well-situated one-storey home at 618 Coldstream Avenue in Winnipeg's Kildare-Redonda neighbourhood presents a practical and comfortable living opportunity. Built in 1963, it features 1,094 sqft of living space, a renovated basement, a detached garage, and sits on a 5,000 sqft lot.
Key Characteristics & Appeal
The primary appeal of this property lies in its strong positioning within its immediate area. While its size and value are around the citywide average, it stands out on its own street and within Kildare-Redonda. It ranks in the top 6% for living area and year built on Coldstream Avenue, indicating it is one of the larger and, in a relative sense, newer homes on the block. This suggests a well-established street where this home is a competitive offering.
Its renovated basement adds functional living space, and the detached garage provides flexible storage or workshop potential. The lot size is generous for the neighbourhood, offering good outdoor space.
This home would suit first-time buyers or downsizers looking for a manageable, single-level layout in a mature neighbourhood. It’s also a sensible fit for a value-conscious buyer who appreciates a home that compares favourably to its direct neighbours, offering a sense of relative value and stability within the local market context.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.
2. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes ($32.70k) and is not a market valuation. The market price will be influenced by current conditions, the home's condition, and buyer demand.
3. What does the "above average" ranking for the street mean for me?
It means that compared to the 17 homes on Coldstream Avenue, this property has a larger living area and is newer than most. This can be a positive for relative value and future resale within the micro-market of the street.
4. What is the significance of a detached garage?
A detached garage offers flexibility—it can be used for vehicle storage, a workshop, or extra storage without impacting the main home's layout. It may also present future potential, subject to zoning.
5. Are the "similar assessed value" properties actually comparable?
Not necessarily. The list groups homes with the same tax assessment value from across Winnipeg, including different neighbourhoods like Varsity View. These are not direct market comparisons, which should be based on similar location, size, and features.