Property Overview: 11 Minikada Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-situated, single-storey home in the Kildare-Redonda neighbourhood, built in 1963. Its primary appeal lies in its efficient use of space and its strong positioning within its immediate, desirable area of Minikada Bay. With 1,014 sqft of living space, it is notably above average for its street, offering more room than most direct neighbours. The property sits on a 5,099 sqft lot, which is generous for the area and provides ample outdoor space relative to nearby homes. A key feature is the renovated basement, adding functional living space.
The home’s assessed value is notably below average for both the street and the wider city, which can present an opportunity. This combination—above-average living space and lot size for the locale, coupled with a below-average assessment—suggests a property with solid fundamentals and potential value. It last sold in 2017.
This property would suit a first-time buyer or a downsizer looking for a manageable, single-level layout in an established neighbourhood. It’s also a practical choice for an investor or renovator who sees value in the lot size, the basement update, and the metrics that indicate it outperforms many local peers on space, offering a foundation to build upon.
Section 2: Frequently Asked Questions
1. Is the below-average assessed value a concern?
Not necessarily. It indicates the city’s assessment is relatively low, which can be advantageous for property taxes. The value seems aligned with similar homes in other neighbourhoods, but it’s notably lower than many on its own street, which may reflect its specific condition or past sale prices.
2. How does the living space compare practically?
While below the citywide average, the living area is actually in the top 22% on its own street. This means you’re getting more interior space than most homes in this specific, sought-after location, which is a key perspective when evaluating the home’s utility and value for the area.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the extent. Buyers should inquire about the finish quality, ceiling height, permits, and whether it includes a separate entrance or additional bedrooms.
4. How does the lack of a garage affect daily life?
The property has no garage. For this neighbourhood and era of home, this is not uncommon. Buyers should consider on-street parking availability, the potential to add a shed or carport, and their personal storage needs.
5. The home sold in 2017; what can that history tell me?
The sold price range from 2017 provides a historical benchmark, but market conditions have changed. Requesting the exact sold price (as offered by the site) can help you understand the owner’s purchase basis and gauge appreciation, but a current market evaluation is essential for today’s value.