Property Overview
This one-storey home at 101 Brelade Street in Winnipeg's Kildare-Redonda neighbourhood presents a practical, no-frills opportunity. Its key appeal lies in its efficient use of space and its position as a relatively larger property within its immediate area. With 1,030 sqft of living space and a renovated basement, it offers functional room for living. The lot is a notable feature at over 5,200 sqft, providing ample outdoor space that is larger than most on the street. Built in 1966, it is one of the older homes on Brelade Street, which suggests a well-established streetscape.
The property suits first-time buyers, downsizers, or investors looking for an entry point into the market with a manageable footprint and outdoor potential. Its assessed value is modest compared to city-wide averages, indicating a lower tax burden. The appeal here is grounded in practicality: more indoor and outdoor space than many neighbouring homes, without the premium price or maintenance of a newer build or additional structures like a garage or pool.
Frequently Asked Questions
What does the ranking data actually mean for a buyer?
The rankings show how this home compares to others. For example, its living area is in the top 14% on its own street, meaning it's roomier than most direct neighbours. However, city-wide, that same living area is below average. This highlights that value is often hyper-local; what's a standout feature on Brelade Street might be standard elsewhere.
Why is the assessed value so much lower than typical city-wide averages?
The "city-wide average" figure shown (around $390k) includes all property types and values across Winnipeg. The more relevant comparisons are the local ones. At approximately $31k, this home's assessed value is in line with the averages for both Kildare-Redonda and the city when comparing similar properties, reflecting its market segment accurately.
The home sold in 2019 for between $24.5k and $27.5k. Is the current assessed value realistic?
Assessed value for tax purposes and market sale price are different. The 2019 sale price gives historical context, but current market conditions, the renovated basement, and overall demand will determine today's selling price. The assessment suggests the tax base has remained stable.
Are there any obvious drawbacks based on the data?
The home lacks a garage, which is a consideration for vehicle storage or workshop space. Being one of the oldest homes on the street (ranked 1st of 28 for year built) could also imply a need for more vigilant maintenance or updates to major aging components compared to newer homes in the area.
What is the potential here for the right buyer?
The combination of a larger-than-average lot for the street and a renovated basement points to two avenues: enjoying generous private outdoor space, or having a home with already improved lower-level living area. It’s a property that offers immediate usability without major projects, but the lot size could also be a long-term asset for expansion or landscaping.