Property Overview: 10 Lancelot Place, Winnipeg
Key Characteristics & Appeal
This is a well-situated, one-storey home in the Kildare-Redonda neighbourhood, built in 1969. Its primary appeal lies in its generous 6,049 sqft lot, which ranks well above average for both the immediate street and the wider area, offering significant outdoor space and potential. The home itself is modest in size at 988 sqft but features a renovated basement, adding functional living space. A detached garage provides flexible storage or workshop options.
The property’s assessed value is notably strong for its local context, ranking in the top 15% within Kildare-Redonda, suggesting it is viewed favorably relative to area norms. This combination—a larger-than-typical lot, recent basement updates, and a solid assessment foundation—creates a practical value proposition. It would suit first-time buyers seeking yard space, downsizers looking for a manageable single-level layout with room for gardening, or value-oriented investors attracted to the area’s above-average assessments and the upside of a renovated component.
Frequently Asked Questions
1. How does the living space compare to other homes?
At 988 sqft, the living area is slightly above average for homes on Lancelot Place but is below the citywide average. The renovated basement effectively expands the usable space, making the overall footprint more practical than the main floor square footage alone might suggest.
2. What does the assessed value ranking mean?
The assessment ranks in the top 15% for the Kildare-Redonda neighbourhood. This generally indicates the municipal valuation is higher than most comparable local properties, which can reflect desirable attributes but is also a key factor in determining property taxes.
3. Is the lot size a significant feature?
Yes. The lot is a standout characteristic, ranking in the top 13% for the neighbourhood. This is a considerable asset, offering more privacy, green space, and future flexibility than many nearby properties.
4. What is the home’s historical sales context?
Public records indicate a sale in September 2017 in the range of $22.5k to $25.5k. It’s important to note this was seven years ago, and the current assessed value is now $34.9k, reflecting market changes and any improvements made since then.
5. Who might this property not suit?
Buyers seeking a modern, open-concept layout or substantial above-ground square footage may find the original 1969 one-storey floor plan limiting. It may also not fit those with a priority for a fully updated home, as the listing specifies the basement renovation but not the main living areas.