Property Overview: 405 Keenleyside Street, Winnipeg
Key Characteristics & Appeal
This home presents a distinct profile defined by its contrasts. Built in 1970, it is notably newer than most houses on its street and in the broader Munroe East area, which is a significant advantage suggesting potentially fewer age-related issues and more modern building standards. With 1,111 sqft of living space, it offers above-average interior room for both its immediate neighbourhood and district, making it a relatively spacious option in its local context.
The appeal lies in this value-oriented proposition. The home’s assessed value is consistently below average across all comparison levels (street, area, and city), which often correlates with a more accessible price point and lower property taxes. This creates an opportunity for practical buyers seeking a newer, reasonably sized home without a premium price tag. The trade-off is a smaller land area (3,149 sqft), which means a more compact yard but also less exterior maintenance.
This property would suit first-time homebuyers or investors looking for a cost-effective entry into the market with a structure that is younger than its peers. It’s less suited for those prioritizing a large outdoor space or for buyers who equate a higher assessed value with immediate premium equity.
Frequently Asked Questions
1. Why is the assessed value so much lower than the averages shown?
A lower assessed value can be due to several factors, including the home’s specific condition, interior finishes, the smaller lot size, and its precise location within the area. It generally results in lower property taxes, but it's important to have a professional appraisal to determine current market value.
2. What does it mean that the home is "newer" than most in the area?
Built in 1970, this house is over a decade newer than many neighbouring homes. This can be a practical advantage, potentially meaning updates to major systems (like electrical or plumbing) may have occurred later, and the structure may align with slightly updated building codes of its era.
3. Is the smaller land area a major drawback?
It depends on your lifestyle. The lot is below average in size, which limits expansive gardening or large outdoor recreation space. However, it also means less yard work and lower maintenance costs, which can be a positive for busy households or investors.
4. How reliable are the sold price ranges shown?
The provided sold price ranges are based on available public data. For precise historical sale figures, you must request the exact data via email. This step ensures accuracy, as public records can sometimes be incomplete or generalized.
5. Who would benefit most from this property's profile?
Buyers with a focus on interior space and a newer structure, rather than land, will find the most value here. It’s a strategic choice for someone looking to minimize initial property tax burdens while acquiring a home that stands out in its neighbourhood for its build year.