Property Overview
111 Redonda Street is a well-maintained bi-level home in Winnipeg's Kildare-Redonda neighbourhood. Built in 2006, it is a significantly newer construction compared to most homes in the immediate area and across the city. The home features 800 sqft of living space, a renovated basement, and a detached garage on a 3,578 sqft lot.
Its primary appeal lies in its modern build year, which suggests fewer major maintenance concerns in the near term, and its above-average assessed value within the neighbourhood, indicating a solid investment relative to its surroundings. The renovated basement adds functional living space. This property would suit first-time homebuyers seeking a move-in-ready, low-maintenance home, or practical investors looking for a newer asset in an established community. It’s a pragmatic choice for those who prioritize modern systems and condition over square footage, as the living area is compact compared to city averages.
Frequently Asked Questions
1. How does the home's size compare to others?
At 800 sqft, the living area is below the average for the street, neighbourhood, and city. This indicates a more compact, efficient layout rather than a spacious one, which can mean lower utility and upkeep costs.
2. Why is the assessed value considered above average for the area?
The assessment ranks in the top 12% for Kildare-Redonda. This is likely due to the combination of its 2006 build year—much newer than the neighbourhood average—and the renovated basement, adding value relative to older, unrenovated homes nearby.
3. What are the implications of the lot size?
The lot is 3,578 sqft, which is below average for the area. This means smaller outdoor maintenance but also limited potential for expansions or additions compared to properties on larger lots.
4. How recent is the sale history?
The property was sold in September 2024. The sale price range provided is based on public data; for the exact sold price, you can request the information via email from the listing source.
5. What is less obvious about this property's value proposition?
While the home itself is compact, its modern age is a standout feature in a neighbourhood of mostly older homes, potentially offering better energy efficiency and updated building materials. Its value is anchored in its condition and modernity rather than its size, appealing to buyers who view ongoing maintenance costs and reliability as key factors.