Property Overview
This 1975 bi-level home at 793 Kildare Avenue E in Canterbury Park presents a practical and affordable entry point into the Winnipeg market. Its key appeal lies in its recent sale price, which sits well below averages for the street, neighbourhood, and city, suggesting a value-oriented opportunity. The home features a renovated basement and a detached garage on a modest 3,646 sqft lot. With 809 sqft of living space, it is notably compact, even compared to other homes on its street. This is a property defined by its functionality and price point rather than size or premium location metrics.
It would suit first-time buyers or investors seeking a lower-cost foothold with some modernized updates. The below-average costs for taxes (reflected in the assessed value) and purchase price are clear advantages. A thoughtful perspective for the right buyer is that a smaller home on a smaller lot can mean significantly lower ongoing utility and maintenance expenses. However, the data indicates compromises on space, so it is best suited for those with minimal space needs or who prioritize financial efficiency over room to grow.
Frequently Asked Questions
1. Is the home's assessed value the same as the market value?
No. The assessed value ($28,800) is for municipal tax purposes. The home last sold for $240,000 in December 2020, which is a much better indicator of its market value.
2. How does the lot size compare to others?
The lot is 3,646 sqft, which is below average for Kildare Avenue E, Canterbury Park, and Winnipeg overall. This means smaller outdoor space but potentially less yard work.
3. The living area seems small. How does it compare?
At 809 sqft, the living area is indeed compact. It ranks below 82% of homes on the same street and below 90% of homes citywide, confirming it is a smaller-than-average floor plan.
4. What does the "renovated basement" include?
The provided details confirm the basement is renovated but do not specify the scope. A prospective buyer should inquire about the finishes, permits, and the nature of the renovation (e.g., cosmetic vs. structural).
5. The home sold for $19,500 in 2018 and then $240,000 in 2020. What explains this huge jump?
The 2018 sale price of $19,500 is exceptionally low and not typical of an arms-length market transaction. It may have been a transfer between family members, a sale of the land only prior to a significant update, or another non-standard circumstance. The 2020 sale price is the relevant market benchmark.