Property Overview: 805 Victoria Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This 1964-built, three-level split home in Kildare-Redonda presents a practical and updated living space. Its key characteristics include 1,040 sqft of living area, a renovated basement, a detached garage, and a 5,249 sqft lot. The home’s assessed value of $350k positions it above average for its immediate area and neighbourhood.
The appeal lies in its move-in readiness with a modernized basement, offering flexible space for a family, home office, or recreation. The lot size is manageable without being overly demanding for maintenance. This property suits first-time homebuyers seeking a solid, updated starter home, or downsizers looking for a manageable property without sacrificing space. A thoughtful perspective is its statistical standing: while the living area is around the city average, its value and condition rank notably higher within its own neighbourhood, suggesting it may offer better relative quality and investment potential on its street than city-wide comparisons indicate.
Section 2: Frequently Asked Questions
1. How does this home compare in size and value to others nearby?
The data shows the living area is close to the average for Victoria Avenue E, but its assessed value is in the top 29% for the street. This suggests it may have superior updates, condition, or lot appeal compared to many direct neighbours.
2. What is the significance of the renovated basement?
A finished basement in a split-level home effectively adds usable living space, which is a key asset given the main living area is a practical but not overly large 1,040 sqft. It adds flexibility for how the total space is used.
3. Is the 1964 build year a concern?
While the home is 62 years old, it is newer than many on its street (ranking in the top 20%). Buyers should focus on the condition of major aging components like the roof, windows, and foundation, but the renovated basement indicates some updates have been made.
4. What can the 2020 sale price range tell me?
The prior sale price (approximately $30.5k–$33.5k in 2020) and the current $350k assessment highlight significant market appreciation. Reviewing the exact sale price (available by request) can help understand the rate of increase and inform current value considerations.
5. Who might this property not suit?
It may not suit buyers seeking a very large lot, as the parcel is smaller than the average for Victoria Avenue E, or those wanting a brand-new build. The three-level split layout also requires navigating several short flights of stairs, which could be a drawback for some.