Property Overview: 638 Coldstream Avenue, Winnipeg
Key Characteristics & Appeal
This 1963-built, one-storey home in Kildare-Redonda offers a practical, grounded opportunity. With 982 sqft of living space and a renovated basement, it presents a manageable footprint for a variety of lifestyles. The home’s true standout is its financial positioning within its immediate area. It holds the highest assessed value on its street and ranks well above average for the neighbourhood, suggesting it is a well-maintained or improved property among its peers. This, combined with a slightly larger-than-average lot for the area (5,000 sqft), indicates a property that offers both intrinsic value and potential outdoor space.
The appeal lies in its balance. It’s not the largest home citywide, but it represents a solid, above-average offering in its established community. It would suit first-time buyers seeking a move-in-ready home without the premium of a new build, downsizers looking for a manageable single-level layout with a finished basement for extra space, or value-focused investors attracted to a property that already demonstrates strong assessed value in its local market. The recent sale in 2022 also provides a clear, modern price benchmark for buyers.
Frequently Asked Questions
1. What does having the highest assessed value on the street indicate?
It typically suggests the municipal assessment views this property as being in better condition, having more improvements, or possessing more desirable characteristics than its immediate neighbours. This can be a marker of good upkeep and relative value.
2. Is the living space sufficient for a small family?
At 982 sqft, the main floor living area is compact. However, the presence of a renovated basement significantly expands the usable space, potentially creating room for additional bedrooms, a family room, or a home office, making it viable for a small family.
3. How does the lot size compare?
The 5,000 sqft lot is above average for both the street and the Kildare-Redonda neighbourhood, offering more private outdoor space than many comparable properties. Citywide, it is closer to the average.
4. The home sold recently in 2022. What does that mean for me?
This is advantageous for buyers. It provides a very recent and relevant sale price range (shown as $34.5k-$37.5k) to inform your offer, reducing guesswork compared to properties with older, less relevant sales history.
5. There’s no garage. What are the parking options?
The listing indicates no garage. Buyers should investigate the potential for on-site driveway parking or the availability and regulations of street parking in the area to plan for vehicle storage.