Property Overview: 162 Essar Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home on Essar Avenue in the Kildonan Drive area presents a practical opportunity in Winnipeg’s market. Its key characteristics include a 960 sqft living area, a renovated basement, a detached garage, and a 5,004 sqft lot. Built in 1940, it is notably older than most area homes. The assessed value is $300k, which sits below average for the city and the immediate neighborhood.
The appeal lies in its position as a relatively affordable entry point into a mature area. The renovated basement adds functional living space, and the lot size, while not large for the area, is near the citywide average, offering decent outdoor space. Its below-average price point for the street and neighborhood could attract attention from value-conscious buyers.
This property would best suit first-time buyers or practical downsizers who prioritize function and location over modern size standards. It’s for someone comfortable with the character and maintenance considerations of an older home (86 years) but who appreciates the move-in readiness of an updated basement. A buyer looking for a land-value play on a quiet street might also see potential here, given the price point relative to the area.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 960 sqft, the living area is below the average for both the Kildonan Drive area and Winnipeg overall. However, it is closer to the average for other homes directly on Essar Avenue itself.
2. Is the $300k assessed value a good indicator of the likely selling price?
The assessed value is a municipal figure for tax purposes. Notably, it is below the average assessed value for the neighborhood and city. The last recorded sale was in late 2021 for an estimated $235k-$265k, so market conditions and updates since then will be the true price drivers.
3. What should I consider with a home built in 1940?
While the basement has been renovated, the core structure and major systems (like plumbing, electrical, and the roof) of an 86-year-old home require thorough inspection. Its older age is a significant factor, as it is among the oldest homes in the immediate area.
4. How does the lot size compare?
The lot is approximately 5,004 sqft. This is smaller than the typical lot in the Kildonan Drive area but is very close to the average lot size across the entire city of Winnipeg.
5. Where can I find the exact historical sold prices?
The provider notes that the sold prices displayed are estimated ranges from public data. To obtain the exact sale history, you must request it directly via email from their service, which they provide manually without using the contact for unsolicited marketing.