Property Overview: 10 Southampton Place, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This bi-level home at 10 Southampton Place in Kildare-Redonda is defined by its generous, above-average lot size—a standout feature that places it in the top 3% of the neighborhood. With 7,787 sqft of land, the property offers significant outdoor space and potential, a rarity in the city. The house itself, built in 1965, is a manageable 1,046 sqft with a renovated basement and a detached garage. Its assessed value is notably strong for the area, ranking in the top 6% locally, suggesting a well-maintained property in a stable community.
The primary appeal lies in its land value and established neighborhood setting. It suits a practical buyer looking for space to grow—a family that values a large yard over a large house, a DIY enthusiast with room for projects, or an investor recognizing the underlying value of the lot. It’s a home for those who see potential in the land itself and appreciate a home that performs well above neighborhood averages in key metrics like lot size and assessment, without being the newest or largest structure on the block.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 1,046 sqft, the living space is slightly above average for the Kildare-Redonda neighborhood but around the citywide average. The floor plan is typical of a bi-level, offering efficient use of space spread over two levels.
2. What does the "Elite" ranking for Land Area mean?
This indicates the lot size of 7,787 sqft is exceptionally large for the area, outperforming about 97% of comparable properties in Kildare-Redonda. It’s a key asset of this property.
3. Is the assessed value a reliable indicator of the selling price?
The assessed value of $36,900 is for municipal tax purposes and is a historical snapshot. While it shows the home is valued highly within its community (top 6%), market conditions, the home’s condition, and buyer demand will ultimately determine the sale price.
4. What is the significance of the renovated basement?
A renovated basement adds functional living space, which is a valuable asset in a home of this size. It’s important to clarify the scope and quality of the renovation, including permits and the nature of the finishes.
5. The home sold twice in 2016. What should I know about that?
The two sales in 2016 indicate a period of ownership turnover. Requesting the exact sale prices (available via the listing service) can provide insight into its market history and price trajectory over that time. It’s a point for discussion with your agent to understand the context.