Property Overview
This 1966 one-storey home at 15 Bayview Drive in Winnipeg's Kildare-Redonda neighbourhood presents a practical opportunity. With 1,047 sqft of living space and a renovated basement, it offers functional, single-level living. The lot is a notable feature at 5,765 sqft, providing generous outdoor space that is well above average for both the immediate street and the local area. While the home itself is older and has a below-average assessed value for its specific street, its value and year built are generally in line with wider neighbourhood and city averages. It last sold in July 2019. The property does not have a garage or pool.
Key Characteristics & Appeal
The primary appeal of this home lies in its balance of a manageable, updated living space on a larger-than-typical lot for the area. The renovated basement adds usable square footage and modern convenience to a classic, no-fuss bungalow layout. Its assessed value position suggests it could be a relatively accessible entry point into the neighbourhood.
It would suit a first-time buyer or downsizer looking for a low-maintenance, single-level home with room for a garden, patio, or future expansion. The value-centric buyer who sees potential beyond the assessed metrics—particularly in the land size and existing renovations—will find the most appeal here. It’s a property where the land may hold more long-term value than the structure itself, appealing to those with a patient, strategic view.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A viewing is essential to determine the finishes, ceiling height, and whether it includes a legal suite or additional bedrooms.
2. Why is the assessed value on the low end for Bayview Drive?
The home's assessed value ranks below average on its own street. This can be influenced by factors like the age of the home, its specific condition relative to neighbours, or the lack of certain features (like a garage). It's important to compare this assessment with current market valuations.
3. Is there potential to add a garage later?
Given the substantial lot size (5,765 sqft), there is likely physical space for a future garage or shed. Any addition would be subject to local zoning bylaws and would require proper permits.
4. How does the 2019 sale price relate to today's value?
The home sold between $22.5k and $25.5k in July 2019. Market conditions have shifted since then, so this historical price is a reference point, not a direct indicator of current value. A professional market analysis is recommended.
5. What is the neighbourhood character of Kildare-Redonda?
The home's metrics show it is typical for this established neighbourhood. Living area and lot size are above average for the area, suggesting it sits among well-sized, mature properties, likely appealing to those seeking a settled community feel.