Property Overview: 527 Kirkfield Street, Winnipeg
Key Characteristics & Appeal
This one-storey home on Kirkfield Street is a property defined by its generous, above-average lot and its practical, renovated basement. With 1,066 sqft of living space, the house itself is modest and in line with neighborhood averages, but its true standout feature is the 7,549 sqft land area, which ranks in the top 4% on its street. This offers significant outdoor space rarely found in the area. The home, built in 1960, is newer than many on the block and includes a detached garage and a renovated basement, adding functional living and storage space.
Its appeal lies in this balance of a manageable, updated living space paired with a substantial, private yard—ideal for gardening, recreation, or future expansion. The assessed value is positioned below the local average, which may present a value opportunity for a buyer willing to invest in updates to the main living areas over time.
This property would best suit a practical buyer who prioritizes land and long-term potential over immediate turn-key perfection. It’s a strong match for first-time homeowners seeking room to grow, DIY enthusiasts, or anyone looking for a quiet street with the bonus of an unusually large lot for the community.
Frequently Asked Questions
1. Is the lot size a major advantage?
Yes. The lot is significantly larger than most on the street and in the wider Kirkfield area, offering more privacy and outdoor potential than is typical for homes at this price point.
2. What does "renovated basement" typically include?
While specifics should be verified with a viewing, a renovated basement in a home of this era often means updated finishes, a legal egress, and conversion into livable space such as a family room, office, or additional bedroom.
3. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes. The recent sold price history (Oct 2024) shows a range higher than the assessment, indicating market value has been appreciating. A current market evaluation is recommended.
4. What are the considerations with a detached garage?
It provides flexible storage or workshop space but requires going outdoors to access. It may also need consideration for snow clearance in winter and potential updates depending on its condition.
5. The home is newer than others on the street. Does that matter?
A 1960 build date suggests potentially newer major systems (like plumbing or electrical) compared to older wartime homes, which can mean fewer immediate concerns with outdated materials. However, a thorough inspection is still essential.