Property Overview
This one-storey home at 154 Edward Avenue E in Winnipeg's Kildare-Redonda neighbourhood presents a straightforward, value-oriented opportunity. Built in 1959, it features 1,040 sqft of living space, a renovated basement, and a detached garage on a 4,897 sqft lot.
Its primary appeal lies in its standout financial fundamentals within its immediate area. The home's assessed value of $37,700 ranks in the top 1% on its street and top 4% in the neighbourhood, suggesting it is viewed as a high-value asset compared to its direct peers. This indicates a potentially strong entry point for equity building. The living space is also above average for the area. It suits a practical buyer—perhaps a first-time homeowner, an investor, or someone looking to downsize—who prioritizes solid value and a manageable footprint over modern luxury. The renovated basement adds functional living space, a key perk for a home of this era.
A less obvious perspective is that its "elite" assessed value standing on the street could signal a well-maintained property in a stable, established area where values are consistent. The home last sold in April 2017 for approximately $29,500-$32,500, which, compared to its current assessment, hints at a history of steady appreciation in its micro-market.
Frequently Asked Questions
1. What does the "Top 1%" assessed value ranking mean?
It means this home's official assessed value is higher than 99% of comparable properties on Edward Avenue E. This doesn't directly dictate market price, but it strongly suggests the property is considered a high-value asset relative to its immediate surroundings.
2. Is the living space sufficient for a small family?
At 1,040 sqft above grade plus a renovated basement, the home offers functional space for a small family or couple. Its living area ranks above average for both the street and the neighbourhood, indicating it is reasonably sized for the area.
3. What are the implications of the home being built in 1959?
The age is typical for the area. While it means systems and structure should be carefully inspected, homes from this period in established neighbourhoods often come with larger lot sizes and mature landscaping compared to newer subdivisions.
4. How does the last sold price (2017) relate to today's value?
The home sold for an estimated $29,500-$32,500 in 2017. Its current assessed value of $37,700 points to a trajectory of increased value over the past eight years, but the actual market price will be determined by current conditions, updates made, and buyer demand.
5. Who would this property suit best?
It's well-suited for a value-focused buyer. This includes a first-time homebuyer looking for a solid starter home with a renovated basement, an investor seeking a property with strong assessed value fundamentals, or someone downsizing who wants a manageable, single-level layout in an established community.