Property Overview: 65 St Martin Boulevard
Key Characteristics & Appeal
This bi-level home at 65 St Martin Boulevard in Kildare-Redonda is a property defined by its standout lot and strong value positioning within its immediate area. Built in 1966, the 1,040 sqft home features a renovated basement, a detached garage, and a pool. Its primary appeal lies in the generous 7,114 sqft land parcel, which ranks in the top 3-4% of lots both on its street and in the wider neighbourhood. This offers significant outdoor space and potential relative to nearby homes.
The home’s assessed value of $38,500 is elite for the local area (top 2%), yet its recent sold price history suggests it trades within a range that is accessible for the neighbourhood. This creates an interesting dynamic: you are acquiring a property with a top-tier official valuation and a lot size that is rare for the community, but at a price point that aligns with the local market. It would suit a buyer looking for a spacious yard in a mature neighbourhood, who values the upside of land size and is comfortable with a home whose interior space is above average for the street but modest by city-wide standards. The pool and renovated basement add ready-made lifestyle and functional benefits.
Frequently Asked Questions
1. How can the assessed value be so high compared to the sold prices?
The assessed value is an official valuation for taxation purposes, often considering factors like lot size and long-term market trends. Its "elite" ranking here strongly reflects the desirable, oversized lot. Sold prices reflect the actual negotiated market value, which considers the home's condition, interior size, and current buyer demand.
2. Is the living space sufficient for a growing family?
At 1,040 sqft, the living area is above average for both St Martin Boulevard and Kildare-Redonda. However, it is below the Winnipeg city-wide average. The renovated basement and bi-level layout can help with space flexibility, making it workable for a small to medium-sized family, especially for those who prioritize outdoor space over a larger interior footprint.
3. What does the lot size actually offer?
A lot of over 7,000 sqft in this neighbourhood is uncommon. It provides ample room for gardening, recreation, children or pets to play, and potential future additions like a shed, expanded deck, or even a secondary structure, subject to city bylaws. It offers a level of privacy and space that is hard to find on standard lots.
4. The home was built in 1966. What should I be aware of?
While the basement has been renovated, a home of this age may have original or aging components elsewhere, such as the roof, windows, plumbing, or electrical systems. A thorough home inspection is essential to understand the condition and plan for any future updates or maintenance.
5. How stable is the value in this area?
The sold price history shows appreciation between the 2017 and 2022 sales. The property's consistent top-tier ranking for assessed value and lot size within the neighbourhood suggests its underlying value pillars are strong. It likely represents a stable investment within the local context, with its unique lot being a lasting asset.