Property Overview
134 Edward Avenue E is a one-storey home in Winnipeg's Kildare-Redonda neighbourhood, built in 1959. It sits on a nearly 5,000 sqft lot and features 1,040 sqft of living space, a detached garage, and a basement that is noted as being unrenovated. The home's assessed value is notably below average for its immediate area and the wider city.
Key Characteristics & Appeal
This property presents a straightforward, no-frills opportunity. Its primary appeal lies in its solid lot size and functional layout for a one-storey home, which ranks above average for the Kildare-Redonda area. The detached garage adds practical utility. The significantly below-average assessed value, especially compared to nearby homes on the same street, suggests potential for value growth or a more accessible entry point into the market.
It would suit a practical buyer looking for a starter home or a long-term investment property where the land and location are the primary draws. It’s a candidate for someone comfortable with a home that may require updates, as the basement is specifically noted as not being renovated. The data indicates you are paying less for the structure but securing a proportionally larger share of the value in the land itself—a thoughtful perspective for an investor or buyer planning future improvements.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
While the home's living space is competitive for the area, the assessed value is in the bottom 15% for the street. This typically reflects the condition, age, and features of the home itself compared to updated neighbours, placing more of the value on the land.
2. What does "basement, not renovated" imply?
This indicates the basement is functional but in original or utilitarian condition. Buyers should budget for potential updates and consider it a space for laundry and storage, with finishing projects being a future possibility.
3. How does the lot size compare?
At 4,895 sqft, the lot is slightly above average for the street and neighbourhood. This is a key asset, offering good outdoor space and potential for additions or landscaping, which is less common in newer developments.
4. Is the sold price history reliable?
The listed sold price is an estimated range from public data. For precise historical sale figures, you must request the exact data via email from the listing service, as they verify and provide it manually.
5. Who would this property suit best?
This home is best for a value-conscious buyer or investor. It suits someone who prioritizes location and lot size over move-in-ready finishes, and who sees the below-average assessment as a chance to build equity through thoughtful updates over time.