Property Overview
This 1976 one-storey home at 1053 Kildare Avenue E in Canterbury Park presents a straightforward, value-oriented opportunity. Its key appeal lies in its renovated basement and its position as an affordable entry point into the Winnipeg market. The lot, at just under 2,800 sq ft, is notably smaller than most in the immediate area and city-wide, which is a defining characteristic. With 924 sq ft of living space, the home itself is compact, suitable for individuals, couples, or small families. The assessed value is significantly below averages for the street, neighbourhood, and city, indicating a lower property tax burden and a price point that may attract investors or first-time buyers looking for a manageable project. It would suit a practical buyer who prioritizes function and affordability over lot size, or an investor considering the value of the renovation and the rental potential of the area.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is highly recommended to determine the quality of the renovation, the materials used, and whether it was permitted.
2. Why is the lot size so much smaller than the neighbourhood average?
This is a key feature of this property. The lot is in the bottom 3% for size on Kildare Avenue E itself. This can mean less outdoor maintenance but also limited potential for expansions or additions compared to neighbouring homes.
3. How does the low assessed value affect property taxes and resale?
A lower assessed value typically translates to lower municipal property taxes, which is a financial positive for the owner. For resale, it can make the home appealing to budget-conscious buyers, but may also reflect the market's view of the property's smaller lot and living area.
4. Is the home suitable for expanding or adding on?
Given the significantly smaller-than-average lot size, the potential for horizontal expansion (like an addition) is very limited. Any significant renovation would likely need to work within the existing footprint or consider vertical expansion, subject to local zoning laws.
5. The last sale was in 2017 for $20,900. What does that indicate?
This very low sale price, seven years ago, strongly suggests the property was in need of significant renovation at that time. The current "renovated basement" likely represents a partial update since that purchase. It underscores the importance of understanding what work has been completed and what major systems (roof, HVAC, plumbing, electrical) may still need attention.