Property Overview
50 Kimwood Bay is a spacious 4-level split home in Winnipeg's Garden City neighborhood. Built in 1961, it stands out for its generous proportions, featuring 2,421 sqft of living space and an 8,418 sqft lot, both of which rank in the top tier for the area. The home includes a renovated basement and an attached garage. Its assessed value positions it as an elite property on its street and above average within Garden City, suggesting a home that offers more space and value than many of its local peers.
Key Characteristics & Appeal
This home’s primary appeal lies in its substantial size, both indoors and out. With living space in the top 4% city-wide and a lot size in the top 10%, it offers room to grow that is increasingly rare. The renovated basement adds modern, functional space. Its "elite" ranking on Kimwood Bay and within Garden City for key metrics indicates it's a standout property in a well-established neighborhood, likely offering better value retention.
It would suit buyers looking for a family home with ample yard space in a mature community, who appreciate a layout with defined levels for separation of living spaces. It's also a strong fit for value-conscious buyers seeking a property that outperforms neighborhood averages in size and assessment, suggesting a solid investment in a stable area.
A less obvious perspective is that a home ranking so highly in its immediate vicinity can create a "mini-benchmark" effect, potentially influencing the perceived value of nearby properties. Additionally, the 1961 build date, while average for the area, means this is a classic Winnipeg split-level with character, appealing to those who prefer established homes over newer constructions.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold in September 2020 for an estimated range of $355k-$385k. Its current assessed value is $408k. For the exact historical sale price, you can request details via email from the listing source.
2. What does the "Elite" or "Top %" ranking mean?
These rankings compare this home against similar properties on its street, in Garden City, and across Winnipeg. For example, its living area is larger than 96% of comparable homes city-wide, placing it in the "Elite" top 4%. This is a data-driven way to show how the property stands out in key categories.
3. What are the advantages of a 4-level split layout?
This classic design often provides clear separation between living, sleeping, and recreational areas across its different levels, offering more privacy and defined spaces than an open-concept bungalow or two-story home.
4. Is the lot size practical for expansion or landscaping?
At over 8,400 sqft, the lot is significantly larger than the average for Garden City (top 4%). This provides ample space for gardening, play, outdoor living, or potential future additions, subject to local zoning.
5. What is the context of the Garden City neighborhood?
Garden City is a mature, established neighborhood in Winnipeg. The data shows this home ranks highly within this area, particularly for living space and lot size, indicating it is a larger, above-average property for this community.