Property Overview: 112 Edward Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic, well-maintained one-storey home built in 1959, offering a practical and comfortable layout with 936 square feet of living space. Its key features include a renovated basement and a detached garage. The appeal of this property lies in its established Kildare-Redonda neighborhood setting, presenting a solid, no-fuss home that has been cared for over time.
Statistically, the home sits in an interesting position. Its living area is quite typical for the immediate street and neighborhood, meaning it fits right in without feeling oversized or cramped. However, its assessed value is notably below average for the area, which could signal an opportunity for value-conscious buyers or those looking for a home with room to grow in equity. The lot size, while smaller than some neighbors, is still generous enough for private outdoor space and is actually around the city-wide average.
This home would suit first-time buyers seeking an affordable entry into a stable neighborhood, practical downsizers looking for a manageable single-level layout, or investors interested in a property with a renovated basement that could offer rental potential. It’s a home for those who value character and location over sheer size, and who see the value in a property that stands on solid, comparative foundations within its community.
Section 2: Frequently Asked Questions
1. Is the below-average assessed value a concern?
Not necessarily. A lower assessment compared to nearby homes can often indicate a more affordable property tax burden and may represent a value opportunity, especially if the home has been well-maintained like this one.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This is a key question for your viewing or for your real estate agent to clarify, as it could range from updated finishes to added legal suites or additional living spaces.
3. How does the 936 sqft living area feel for a one-storey home?
For a single-level layout, this square footage is very functional and typical for homes of this era in Winnipeg. It promotes efficient living without excessive maintenance, which is a core appeal for many buyers.
4. What is the neighborhood character of Kildare-Redonda?
The data shows homes here, including this one, are of a similar vintage and size, suggesting a mature, consistent neighborhood without drastic variations from one street to the next. This often translates to a stable, established community feel.
5. Are the rankings comparing this home to similar properties?
Yes. The rankings specifically compare this home to "comparable homes" within each geographic group (street, neighborhood, city). This means you're seeing how this specific one-storey, 1959 home stacks up against peers, not against all housing types, which provides a much more relevant benchmark.