Property Overview: 94 Laurentia Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Kildare-Redonda offers solid, above-average value within its immediate neighborhood. With 1,058 sqft of living space and a renovated basement, it provides practical, single-level living. The home was built in 1965 and sits on a standard 5,097 sqft lot, complemented by a detached garage.
Its primary appeal lies in its strong standing relative to its local area. The living area and assessed value consistently rank in the top 15-30% of similar homes in both Kildare-Redonda and on Laurentia Bay itself, suggesting it is a better-than-average offering on its street. The renovated basement adds modern, functional space. This property would suit first-time buyers or downsizers looking for a manageable, move-in-ready home in a stable neighborhood, particularly those who value a home that outperforms its immediate peers in terms of space and assessment value. A thoughtful perspective: while its city-wide rankings are average, its local dominance indicates you’re buying a standout property on its block, which can be a smart strategy for long-term value retention in an established area.
Section 2: Frequently Asked Questions
1. How does this home truly compare to others nearby?
The data shows this home ranks highly on its own street and in the Kildare-Redonda area for both size and assessed value. It’s in the top 27% for living area and top 15% for assessed value among area peers, meaning it is consistently above average locally, even if it’s average compared to the entire city.
2. What is the likely price range based on history?
The last recorded sale was in August 2019 for an estimated $265,000-$295,000. Current market value would depend on recent comparable sales, condition updates, and market trends since that time.
3. Is the lot size a drawback?
At just over 5,000 sqft, the lot is slightly below average for Laurentia Bay but is very typical for the broader Kildare-Redonda neighborhood. It provides standard outdoor space for the area without extensive maintenance.
4. What does “renovated basement” typically mean for a home of this age?
For a 1965 home, a renovated basement often includes updated finishes, moisture control, and legal egress. It’s crucial to verify the scope of renovations, permits, and the quality of the conversion to ensure it adds comfortable living space.
5. Who are the most logical buyers for this property?
This home is ideally suited for first-time homebuyers seeking a turnkey property or empty-nesters looking to downsize from a larger house while still having a basement for guests or hobbies. Its single-level layout and strong local rankings make it a practical, value-oriented choice.