Property Summary: 1274 Kildare Avenue E, Canterbury Park, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained, one-storey home in Canterbury Park is defined by its balance of space, age, and value. Its key characteristic is a recently renovated basement, adding modern living space to the 1,042 sqft main floor. Built in 1988, it is notably newer than many homes on its street and across Winnipeg, suggesting potentially fewer major age-related updates in the near term.
The appeal lies in its efficient footprint and strong positional value. While the lot size is modest for the area, the home itself offers above-average living space for its immediate vicinity. The assessed value is strong for the street, indicating good municipal valuation relative to neighbors. This creates an opportunity for buyers seeking a move-in-ready, single-level home with a finished basement, without the premium often attached to brand-new builds. It would suit first-time buyers, downsizers looking for minimal maintenance, or pragmatic investors seeking a property with a solid foundation in a stable neighborhood. A thoughtful perspective is that its "newer" vintage (1988) in a sea of older homes could mean better energy efficiency and building standards, while the smaller lot translates to less outdoor upkeep.
Section 2: Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should confirm its compliance with local zoning and building codes with the municipality if rental income is a goal.
2. How does the lack of a garage affect parking and storage?
The property has no garage. This means all parking is on-driveway or street, and storage solutions will need to be creative, utilizing the renovated basement and possibly shed space.
3. The lot size is noted as below average. How impactful is this?
The land area is smaller than many comparable properties. This means a smaller yard, which could be a positive for those seeking low-maintenance outdoor space or a drawback for those wanting extensive gardens, play areas, or privacy.
4. The home sold for $320k in 2020 and $250k in 2016. What does this price history suggest?
This history shows significant appreciation between 2016 and 2020, aligning with broader market trends of that period. It underscores the importance of a current market evaluation, as past sales reflect different economic conditions.
5. The assessed value is $35.60k, but past sale prices are much higher. Why?
In Manitoba, the municipal assessed value for property tax purposes is typically much lower than market value. It is used for tax calculations, not listing prices. The market value is determined by recent sales of comparable homes and current demand.