Property Overview
This one-storey home at 162 Dowling Avenue E in Winnipeg's Kildare-Redonda neighbourhood presents a specific and practical value proposition. Built in 1968, its key appeal lies not in the size of the house—which, at 816 sqft, is modest compared to area averages—but in its proportionally large, nearly 6,000 sqft lot. This significant outdoor space is a standout feature, ranking in the top 9% for lot size on its street. The home has a renovated basement and a detached garage.
The property suits buyers looking for an affordable entry point into homeownership where land is the primary asset. It’s ideal for someone comfortable with a smaller living footprint who values potential for outdoor projects, gardening, or future expansion. The recent sale in early 2025 suggests it’s seen as a viable project or hold property. It would also appeal to an investor seeking a rental property with a stable, average assessed value relative to the area.
Frequently Asked Questions
What is the main advantage of this property?
The primary advantage is the land. The lot is significantly larger than most on the street and in the immediate area, offering ample outdoor space rarely found with homes in this price range.
Is the house itself in good condition?
The listing notes a renovated basement, which is a positive update. As a home from 1968, buyers should budget for a thorough inspection to assess the condition of major systems, the roof, and the main floor living space.
How does the assessed value relate to the recent sale price?
The assessed value is approximately $30k, while the home sold for between $35.5k and $38.5k in early 2025. This difference is common and indicates the market recently valued it higher than the city's assessment for taxation purposes.
What is the neighbourhood like?
Kildare-Redonda is a mature neighbourhood in Winnipeg. The property's metrics show it is very typical for the area in terms of age and value, suggesting a stable, established community setting.
Could this be a good investment property?
Given its modest size and recent sale price, it could be a candidate for a rental property. However, its suitability depends heavily on the current condition of the major systems and the rental market in the area. The large lot adds a unique feature but may not directly translate to higher rental income.