Property Overview
This is a compact, one-storey home built in 1948 on a standard city lot in Winnipeg's Kildare-Redonda neighbourhood. Its key defining characteristic is its exceptionally modest scale, with a living area of 480 sqft ranking it among the smallest homes in the city. The basement exists but is unrenovated, and the property includes a detached garage. The home last sold in late 2021 for a very accessible price range. Its assessed value is significantly below averages for the street, area, and city, reflecting its size and condition.
Key Characteristics & Appeal
The primary appeal of 106 Edward Avenue E lies in its absolute affordability and the lot it sits on. This is not a move-in-ready family home, but a foundational property. It suits a specific buyer: someone seeking the lowest possible entry point into homeownership, an investor looking for a straightforward rental with minimal initial investment, or a hands-on individual viewing it as a blank-slate project. The value proposition is the land and the opportunity it presents. While the house itself is small and dated, the lot size is typical for the area and offers potential for expansion, renovation, or long-term holding. It’s a property where the future value will be created by the owner's plans and investment, not by existing finishes.
Frequently Asked Questions
1. Is this a "tear-down" property?
Not necessarily. While its size and condition might lead some to consider replacement, the existing structure could be renovated or expanded. The decision would depend on a buyer's budget, goals, and a professional inspection of the home's core integrity.
2. Why is the assessed value so much lower than the city average?
The assessment is primarily based on the home's very small square footage, its age, and the fact that key areas like the basement are unrenovated. It reflects the property's current state, not its potential value after improvements.
3. What are the main considerations for living in such a small home?
Efficient use of space is critical. Storage and layout will be immediate challenges. It may be best suited for a single person, a couple, or as a temporary base while planning future renovations.
4. Can the basement be finished to add living space?
The listing confirms a basement exists but that it is not renovated. Finishing it would add cost but is a logical way to increase usable space, subject to local building codes and moisture considerations.
5. How reliable are the sold price ranges shown?
The provided ranges are based on public data. For precise historical sale figures, you must request the exact sold price history directly from the site, which they provide via email.