Property Overview: 167 Essar Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home on Essar Avenue in Kildonan Drive is a classic, no-frills property built in 1943. Its key characteristic is its grounded, practical nature. With 936 sqft of living space and a renovated basement, it offers functional living in a modest footprint. The lot is a standard city size at just over 5,000 sqft, and it includes a detached garage.
The appeal lies in its affordability and simplicity. With an assessed value significantly below the area average, it represents an accessible entry point into homeownership. The renovated basement adds modern utility to the older structure. This home suits first-time buyers, downsizers, or practical investors looking for a straightforward property without premium finishes. It’s for someone who values a solid, uncomplicated house over square footage or modern design, and who sees potential in a home that is comfortably average for its immediate street but priced below its wider neighborhood.
Section 2: Frequently Asked Questions
1. Is the price reflective of the home's condition?
Given that the assessed value is below average for both the street and the Kildonan Drive area, the price likely reflects the home's older age (1943) and modest size. The renovated basement is a positive update, but the overall value proposition is centered on fundamentals rather than luxury.
2. What does the "below average" ranking for Year Built mean for me?
Ranking in the bottom 20% for year built on its street means this is one of the older homes in the area. This can imply more character and possibly a more established streetscape, but it also warrants a careful inspection for aging components like the roof, windows, and major systems, despite any renovations.
3. How does the living space compare to nearby homes?
At 936 sqft, the living area is smaller than the average home in both the Kildonan Drive area and city-wide. However, it is closer to the average for Essar Avenue itself. This indicates a cozy layout, efficient for smaller households, but may feel cramped for those needing more room.
4. What is the potential here for future value?
The value potential is likely tied more to the land and the overall market than to the existing structure. Its price point offers a buffer for future updates. However, its smaller size and older age mean significant value growth would depend on broader neighborhood trends or a substantial addition/rebuild.
5. You mention a "renovated basement"—what does that typically include?
While the listing confirms a renovated basement, the specific scope (e.g., finished living space, updated utilities, or simply a dry, clean storage area) is not detailed. This is a key point to clarify, as it significantly impacts the home's usable living area and functional appeal.