Property Overview: 78 Essar Avenue, Winnipeg
Key Characteristics & Appeal
This bi-level home at 78 Essar Avenue presents a practical and well-positioned offering in Winnipeg's Kildonan Drive area. Its primary appeal lies in its strong relative value within its immediate neighborhood. Built in 1995, it is a notably newer construction compared to most homes in the wider area, potentially meaning fewer concerns about aging major systems. The 1,246 sqft living area is above average for Essar Avenue, and the property sits on a 6,165 sqft lot that provides ample outdoor space.
The home’s assessed value ranks consistently above average for both the street and the Kildonan Drive area, suggesting it is viewed as a solid asset in its locale. A key feature is the renovated basement, which adds functional living space. The attached garage is a practical benefit for Winnipeg's climate.
This property would suit first-time buyers or downsizers looking for a move-in-ready home with modern foundations in an established neighborhood. It also appeals to the value-conscious buyer who prioritizes a home that stands out favorably against its direct neighbors in terms of size, age, and municipal assessment, rather than just city-wide metrics.
Frequently Asked Questions
1. How does this home really compare to others nearby?
The data shows this home consistently outperforms its immediate neighbors. It's newer than 87% of homes on Essar Avenue and larger than 73% of them. Its assessed value is also in the top 20% for the street, indicating it's considered a higher-tier property on this specific block.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the seller or agent, as it could range from cosmetic updates to a fully developed living space with proper permits.
3. The last recorded sale was in 2019. What was the exact price?
The public data shows a sold price range of $355k-$385k for June 2019. The exact sale price is not publicly displayed online, but the listing service offers to provide it manually upon request via email.
4. Is the lot size a pro or a con?
At 6,165 sqft, the lot is above average for Essar Avenue but slightly below the average for the wider city. This means you get a generous yard for the immediate area, which is great for privacy and outdoor use, but it may not be as large as some typical suburban lots elsewhere in Winnipeg.
5. Why is the city-wide assessed value ranking lower than the neighborhood ranking?
While the home is a high-performer on its street and in Kildonan Drive, its assessed value (~$390k) is closer to the city-wide average. This highlights that property values in this area are generally more moderate compared to some Winnipeg neighborhoods, which is what makes it an affordable, value-oriented choice.