Property Overview: 117 Newman Avenue E, Winnipeg
Key Characteristics & Appeal
This one-storey home in Kildare-Redonda presents a practical and straightforward opportunity. Built in 1959, it sits on a nearly 5,000 sqft lot, offering a good balance of manageable indoor living space (1,040 sqft) and outdoor potential. A key feature is its renovated basement, adding valuable finished square footage. The home includes a detached garage.
Its primary appeal lies in its solid, middle-of-the-road metrics within its immediate neighborhood. It's not an outlier in size, value, or lot dimensions on Newman Avenue E, which can signal stability and predictability—a benefit for those wary of overpaying for an area. The renovated basement is a clear advantage, providing immediate usable space without the project. This property would suit first-time buyers or practical downsizers looking for a move-in-ready foundation in an established area, without the premium price tag of a top-tier lot or a fully modernized home. It’s a home that offers more "as-is" utility than a fixer-upper, but still leaves room for future personalization.
Frequently Asked Questions
1. How does the assessed value relate to the likely market price?
The assessed value is for municipal tax purposes and is typically lower than market value. The last recorded sale was between $255k-$285k in late 2020. Current market price would be determined by recent sales, condition, and demand.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, permits, moisture control, and the nature of the space (e.g., recreational room, suite potential, additional bedrooms).
3. Is the lot size a pro or con?
At just under 5,000 sqft, the lot is slightly below average for the broader Kildare-Redonda area but is around average for its specific street. This suggests a more traditional, closer-knit neighborhood feel rather than sprawling yards. It's ample for gardening and outdoor living but with less maintenance.
4. What are the implications of the home's age (1959)?
While the systems and structure are now 65+ years old, the home is newer than many on its street (where the average build year is 1947). This could mean somewhat updated infrastructure historically, but a thorough inspection of the roof, wiring, plumbing, and foundation is essential.
5. Why is the detached garage noted as a feature?
In older neighborhoods, a detached garage is common. It provides secure parking and storage but means dealing with elements when going between car and house. Some buyers value the separation, while others might see a future opportunity to build a carport or rethink the layout.