Property Overview: 136 Larche Avenue E
Key Characteristics & Buyer Profile
This is a compact, renovated bi-level home on a modest lot in Winnipeg's Kildare-Redonda area. Built in 1969, its key characteristic is its below-average size, with 688 sqft of living space and a 2,999 sqft lot, placing it in a smaller category than most comparable homes locally. Its appeal lies in its renovated basement, detached garage, and a very manageable scale. The assessed value is notably lower than the city-wide average, suggesting a potentially accessible entry point into the market.
This property would best suit a first-time buyer, downsizer, or investor seeking a low-maintenance footprint. Its size and lot dimensions make it a practical, no-fuss option rather than a sprawling family home. A thoughtful perspective is that while the home ranks below average in size metrics, its assessed value is closer to the average for its immediate street, indicating it may be perceived as well-situated within its specific micro-neighborhood. It represents a pragmatic choice for those prioritizing financial efficiency and simplicity over space.
Frequently Asked Questions
1. How recent is the basement renovation?
The listing confirms the basement is renovated, but the specific date and scope of the work are not provided in the public data. This would be a key detail to request from the seller or listing agent.
2. Is the detached garage insulated or heated?
The listing notes a detached garage but does not specify its condition or features. Given the Winnipeg climate, this is an important practical consideration for potential use as a workshop or vehicle storage.
3. Why is the assessed value significantly lower than the city-wide average?
The city-wide average assessed value includes a wide variety of home sizes and neighborhoods. This home's assessment aligns more closely with its smaller square footage and lot size, which are below average for the city, reflecting its different market segment.
4. What is the zoning, and are there any development restrictions on the lot?
With a lot size under 3,000 sqft, it's wise to verify local zoning bylaws (R1, R2, etc.) to understand if any future expansions, additions, or auxiliary buildings would be permitted.
5. How does the last sold price (2016) relate to the current asking price?
The home sold for an estimated range of $175k-$205k in mid-2016. Comparing this to the current list price would show the market trend for this specific property, but the exact sold price must be requested directly from the listing service.