Property Summary: 1028 Kildare Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home in Canterbury Park presents a practical and value-oriented opportunity. Its key characteristic is a renovated basement, adding immediate functional living space without the need for a major project. The home sits on a modest, manageable lot and features a detached garage. Built in 1988, it is notably newer than many other homes on its street and across the city, which can be an advantage for systems and maintenance.
The appeal lies in its affordability and move-in readiness, underscored by its below-average sale price compared to the neighbourhood and city. It suits first-time buyers seeking an entry point into the market, investors looking for a rental property with recent updates, or downsizers who want a low-maintenance footprint without sacrificing modernized living space. A thoughtful perspective is that while the living area is compact, the renovated basement effectively doubles the usable space, offering flexibility for a home office, family room, or separate suite potential. Its "above average" assessed value for the specific street suggests it may be a standout property on its block, potentially offering better relative value there than in the wider area.
Section 2: Frequently Asked Questions
1. Is the lot size a disadvantage?
While the land area is below average for Canterbury Park and the city, it translates to less yard maintenance—a plus for those seeking a low-maintenance lifestyle. The lot is still a typical size for many Winnipeg streets.
2. What does the assessed value indicate?
The assessed value is above average for Kildare Avenue E itself but below average for the broader Canterbury Park neighbourhood. This can sometimes indicate a well-maintained home on a street with varying property values, making it a key point for comparison during appraisal.
3. Who might find the living area suitable?
At 880 sqft (plus the renovated basement), the main-floor living area is efficient. It's well-suited for individuals, couples, or small families. The bi-level design and finished basement naturally separate living and sleeping areas, making the space feel larger than the square footage suggests.
4. How significant is the 1988 build year?
Being built in 1988 is a relative strength. It means major components like wiring, plumbing, and insulation are likely more modern than those in many older Winnipeg homes, potentially reducing near-term replacement costs.
5. Why was the previous sale price notably low?
The 2019 sale price was significantly below averages. Without specific transaction details, common reasons for such a price could include estate sales, as-is condition prior to the basement renovation, or a non-arms-length sale. It highlights the importance of a current appraisal and not relying on that historical price as a market indicator.