Property Overview: 83 Laurentia Bay, Winnipeg
Key Characteristics & Appeal
This one-storey home in Kildare-Redonda is defined by a standout feature: an exceptionally large lot. At over 9,500 square feet, the land size ranks in the top 3% for the street and the top 2% for the neighborhood, offering rare potential for expansion, gardening, or outdoor living. The house itself, built in 1966, is a compact 955 sqft bungalow with a renovated basement and a detached garage. Its assessed value is notably strong for the immediate area, suggesting it is well-regarded relative to its peers.
The primary appeal lies in this land-to-building ratio. It suits a buyer who values space and possibility over sheer interior square footage. This could be perfect for someone looking for a manageable home with a huge yard, a hobbyist or gardener, or a long-term investor who sees the underlying land value. It’s a practical choice for those comfortable with a home that is functionally sized but sits on a parcel much larger than typical city lots. The renovated basement adds functional living space, making the overall package more versatile.
Frequently Asked Questions
1. Why is the assessed value relatively high for a smaller home?
The assessed value reflects the property as a whole, not just the building. The exceptionally large lot size is a significant contributor to its value, placing it above average for the street and neighborhood.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the finish quality, permits, and whether it includes a separate entrance or additional bedrooms.
3. Is the large lot usable, or are there restrictions?
While the lot size is a major asset, it's important to verify there are no unusual easements or zoning restrictions that would limit its use for potential additions, sheds, or pools.
4. How does the 2017 sale price relate to today's value?
The 2017 sale price provides historical context, but market conditions have changed. The current assessed value and recent comparable sales in the area are more relevant indicators of its present market value.
5. What is the typical character of the Kildare-Redonda neighborhood?
This area features many homes from the 1960s on generally good-sized lots. The property's metrics—like its above-average year-built rank on the street—suggest it is among the more updated homes in this mature, established neighborhood.