960 Kimberly Avenue

Property Overview: 960 Kimberly Avenue, Valley Gardens, Winnipeg

Section 1: Key Characteristics & Appeal

This 1975 bi-level home in Valley Gardens presents a practical opportunity on a generous 5,500 sqft lot. Its key features include a renovated basement and a detached garage. The home’s primary appeal lies in its balance of space and value, offering a larger-than-average lot for the area and a modernized lower level ready for use.

The property would suit first-time buyers or practical downsizers looking for a solid foundation in a stable neighbourhood without a premium price tag. A thoughtful perspective is its positioning relative to nearby homes: while the living area is modest, the lot size and the renovated basement effectively expand the usable space, offering potential for future expansion or outdoor living that newer infill properties often lack. Its assessed value ranks highly on its street, suggesting it is considered a well-maintained asset in its immediate context.

Section 2: Frequently Asked Questions

1. What does "renovated basement" typically include in a home of this era?
In a 1975 bi-level, this usually means updated finishes like flooring, drywall, and lighting, and often includes ensuring the space is warm, dry, and functional as a recreation room, office, or additional bedrooms. It’s advisable to confirm the scope and any updates to moisture protection or electrical systems.

2. How does the lot size compare to others in Winnipeg?
At 5,500 sqft, this lot is substantially larger than the average Winnipeg residential lot. This is a standout feature, providing more private outdoor space and potential than many properties in established neighbourhoods.

3. The living area is noted as 842 sqft. Is the home smaller than others nearby?
Yes, the living area is compact compared to many immediate neighbours. However, the renovated basement adds significant functional space. The overall property appeal is shifted toward the land and the finished lower level rather than above-grade square footage.

4. Why is there a significant difference between this home's assessed value and some nearby "Worth viewing" properties?
Assessed value for municipal taxation is not the same as market value. It is based on a mass appraisal system. The higher market values of some comparables (like 187 Reay Crescent at $360k) typically reflect factors like larger living areas, more extensive renovations, or premium locations that are not fully captured in the standardized assessment.

5. What is the significance of the various ranking percentages provided?
These rankings show how this property compares to others on its street, in Valley Gardens, and across Winnipeg for specific metrics. For example, ranking in the top 14% for living area on its street indicates most houses on Kimberly Avenue are smaller, providing useful context about the character of the immediate block.