Property Overview: 115 Kildare Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This 940 sqft home on a 4,000 sqft lot in Radisson presents a clear value-oriented proposition. Its key characteristic is its assessed value of $240k, which is notably below averages for the street, neighborhood, and city. The home is older, built in 1920, and its living space is modest compared to city-wide standards but is more in line with the immediate area. The appeal lies in its affordability and lot size, which is relatively standard for the street. This property would suit first-time buyers or investors seeking an entry point into the Winnipeg market with a lower financial barrier. It may also attract buyers interested in the potential of an older home, willing to undertake updates in exchange for a lower purchase price. A less obvious perspective is that its below-average metrics across the board could indicate a opportunity for value addition, whether through renovation or simply holding in an area where other homes are assessed significantly higher.
Section 2: Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $240k is for municipal tax purposes and is typically a conservative figure. Recent sold prices on the street and in Radisson suggest a market price may be higher, but it remains a strong indicator that this home is priced below most comparable properties in the area.
2. What are the implications of the home being built in 1920?
As one of the older homes on the street, it may have charming character but likely requires a closer inspection for the condition of major systems (like plumbing, electrical, and foundation) that may have been updated over time. Its age is a primary factor in its lower assessed value.
3. Is the living space sufficient for a family?
At 940 sqft, it is smaller than the average Winnipeg home. It may be cozy for a growing family but could be well-suited for a small family, a couple, or an individual. The layout and number of bedrooms (not specified in the data) would be key factors.
4. How does this property compare to recently sold homes nearby?
The data shows a home on this street sold in the $150k-$200k range in 2019. Other nearby references vary widely in size, value, and year built, indicating a diverse housing stock. This suggests it's essential to compare based on specific features, not just location.
5. Why is the lot size considered "around average" for the street but below average for the city?
This highlights a local characteristic: lots in this part of Radisson are generally smaller than the Winnipeg average. Your outdoor space will be typical for Kildare Avenue W but more compact compared to many other city neighborhoods.