Property Overview: 448 Henderson Highway
Key Characteristics & Buyer Profile
This is a compact, one-storey home built in 1929, featuring a renovated basement and a detached garage. With 888 square feet of living space, it is notably smaller than most homes in both the immediate area and citywide, positioning it as a more manageable and potentially affordable option. The lot size of 4,701 sqft is modest for the Henderson Highway corridor but is close to the Winnipeg average. A key financial point is its assessed value, which is significantly below average for the Kildonan Drive area, suggesting a lower property tax burden relative to nearby homes.
Its appeal lies in its simplicity and practicality. It suits first-time buyers or downsizers seeking a lower-maintenance footprint without a full condominium lifestyle. The renovated basement adds functional living space, and the detached garage provides storage or workshop potential. A thoughtful perspective is that its "below-average" metrics in the neighborhood could represent an entry point into a well-established area, offering the location's benefits without the premium of a larger, modernized home. It’s a property for those who value location and essentials over size and who see potential in a character home that isn't the biggest on the block.
Frequently Asked Questions
1. How does the home's smaller size impact its value?
While the living area is below average for the area, this often correlates with a more accessible price point and lower utility costs. It represents a trade-off: less interior space for a potentially more affordable entry into the neighborhood.
2. The assessed value seems low compared to the city average. Is this a concern?
Not necessarily. Assessment is for municipal taxation, not market value. A lower assessment than area homes can be an advantage, resulting in a relatively lower property tax bill, which is a recurring cost savings.
3. What should I know about a home built in 1929?
Expect character but also prioritize a thorough inspection. While the basement has been renovated, the core structure, wiring, and plumbing are nearly a century old. Understanding the scope and quality of updates, especially to foundational and mechanical systems, is crucial.
4. The lot is smaller than others on Henderson Highway. Is that a major drawback?
It depends on your priorities. The lot is still a good size for a garden or patio but offers less yard maintenance than larger parcels on the street. For many, this is a practical benefit rather than a drawback.
5. Where can I find the exact historical sale prices?
The exact sold prices are not published publicly. As noted on the listing, you can request the precise sale history by emailing the provided service; they manually provide the data without using your email for marketing.