Property Summary: 981 Kimberly Avenue, Valley Gardens, Winnipeg
Key Characteristics & Appeal
This 1975-built home at 981 Kimberly Avenue presents a practical and value-focused opportunity in Winnipeg's Valley Gardens neighborhood. Its key characteristic is its position as a modestly-sized property within its context. The 866 sqft living area is below the average for its street, neighborhood, and city, indicating a more compact and efficient layout. Similarly, the 3,354 sqft lot is smaller than surrounding properties. The current assessed value of $251k reflects this scale, standing notably below area averages.
The appeal lies in its modern build date relative to the immediate street—it is newer than most homes on Kimberly Avenue—and its potential as an affordable entry point into the market. It suits first-time buyers or investors seeking a lower barrier to entry, or those who prioritize a newer building foundation over square footage. A thoughtful perspective is that a smaller, well-maintained home can offer lower utility costs and less maintenance, aligning with a simplified lifestyle. Its below-average metrics across size and value suggest it is priced for its offering, potentially appealing to the budget-conscious buyer who sees value in the structure itself and the location, rather than in extensive land or living space.
Frequently Asked Questions
1. Is this a small house?
Yes. At 866 sqft, the living area is below average for the street, the Valley Gardens neighborhood, and Winnipeg overall. It is a compact home.
2. Why is the assessed value ($251k) so much lower than the averages shown?
The assessed value is proportionate to the home's size and lot dimensions, which are both below average for the comparison groups. The averages (e.g., $303k on the street, $390k citywide) represent larger properties.
3. What does the "Above Average" ranking for its build year mean?
It means the home, built in 1975, is newer than most comparable homes on its specific street (where the average build year is 1958). Compared to the wider neighborhood and city, its build date is around average.
4. Who would this property be best for?
It is best suited for first-time homebuyers or investors with a firm budget, who are comfortable with a smaller living space and see the advantage of a relatively newer construction in an established area.
5. Are there any obvious advantages to the smaller lot size?
A smaller lot typically means less yard maintenance, which can be a benefit for those seeking a low-maintenance property or with limited time for upkeep.