Property Overview
This 1961 bi-level home at 2 Cranbrook Bay in Winnipeg's Kildare-Redonda neighbourhood presents a specific and practical value proposition. Its appeal lies in a balance of a desirable lot and a recent basement renovation, set against a smaller living footprint.
Key Characteristics & Ideal Buyer
The home’s key characteristic is its contrast: it sits on an above-average, 5,500 sqft lot for the immediate area, yet the 816 sqft living area is modest, placing it in the smaller third of homes locally. The assessed value is notably strong for the street and neighbourhood, suggesting updates or conditions that are well-regarded officially, and it features a renovated basement and a detached garage.
Its appeal is for the pragmatic buyer who prioritizes land and location over square footage. It would suit a first-time buyer comfortable with a cozy layout, a downsizer seeking minimal interior maintenance but wanting outdoor space, or an investor looking for a solid, rentable property in a stable area. A thoughtful perspective is recognizing this as a "land-value play" – the lot itself represents a significant portion of the property's worth, offering future potential even if the current house is compact.
Frequently Asked Questions
1. Is the house too small?
At 816 sqft, the living area is below average for the street, neighbourhood, and city. The renovated basement adds functional space, but the main floor layout is compact. It suits those with simpler spatial needs.
2. Why is the assessed value relatively high compared to the size?
The assessment considers more than square footage. The above-average lot size, recent renovations (like the basement), the detached garage, and overall property condition positively influence its official value compared to peers.
3. What is the neighbourhood like?
Kildare-Redonda is a mature, established area. The data shows homes here are typically older (this one is from 1961) and slightly smaller on average than the wider city, indicating a character of modest, well-kept post-war homes.
4. How does the lot size compare?
The 5,500 sqft lot is a standout feature, ranking above average for both the street and the neighbourhood. This means more yard space, privacy, and potential than many nearby properties.
5. Where can I find exact historical sale prices?
The provided sold price ranges are estimates from public data. For precise sale history, you must request the information directly via the email system on the listing page, as this data is verified and shared manually by the site.