Property Overview: 984 Kimberly Avenue, Valley Gardens, Winnipeg
Section 1: Key Characteristics & Appeal
This 1975-built home at 984 Kimberly Avenue presents a distinct profile within its Valley Gardens neighborhood and the wider Winnipeg market. Its key characteristic is a notable contrast: while its 842 sqft living area is below average for the street, community, and city, its assessed value for taxes ranks significantly higher than average on its own street. This suggests the property’s value is driven by factors beyond sheer interior size.
The appeal lies in this very balance. The home is newer than most on its street (ranking in the top 10%), offering modernized infrastructure potential within an established area. The 5,700 sqft lot is generous and typical for the locale, providing ample outdoor space. The above-average assessment on Kimberly Avenue indicates it is perceived as a well-maintained or favorably positioned asset in its immediate context, potentially offering a stable investment in a mature neighborhood.
This property would best suit pragmatic buyers who prioritize lot size, a newer build year, and value stability over maximum square footage. It’s ideal for first-time homeowners, downsizers, or investors seeking a manageable property with a solid foundation in a quiet, established community. It appeals to those who see potential in a home’s condition and land, rather than those requiring extensive ready-made living space.
Section 2: Frequently Asked Questions
1. Why is the assessed value relatively high compared to the home's size?
The assessment, which determines property taxes, considers multiple factors beyond interior square footage. The above-average ranking on Kimberly Avenue likely reflects the home’s newer construction (1975), its substantial lot, overall condition, and its specific location on the street. It indicates the property is a premium offering within its immediate block.
2. Is the below-average living space a significant drawback?
This depends on your needs. At 842 sqft, the home is compact and efficient. It suits individuals, couples, or small families comfortable with cozy living. The trade-off is a larger-than-average lot for the area, offering potential for expansion, gardening, or outdoor living that many newer properties lack.
3. What does the 1975 build year mean for maintenance?
Built in 1975, the home is newer than many in the neighborhood, which can be an advantage. Major systems like wiring and plumbing may be more modern than in pre-1960s homes. However, it is now approaching 50 years old, so a thorough inspection of the roof, windows, and original mechanical systems is advisable to understand upcoming maintenance cycles.
4. How do the rankings for different features (size, value, year) work together?
The rankings paint a nuanced picture. Think of it as the property having different strengths in different contexts. On its own street, it’s a newer, higher-valued home but with less interior space. Compared to the whole city, it’s a moderately priced, average-sized lot with a compact interior. This highlights its position as a solid, community-centric property rather than a standout in any single city-wide category.
5. Who might find this property less suitable?
Buyers requiring substantial move-in-ready living space for a larger family, or those seeking a property with top-tier city-wide rankings in size and value, may find it limiting. Its appeal is more localized, offering value and comfort within the specific context of a well-established street and neighborhood.