Property Overview: 2 St Martin Boulevard, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Kildare-Redonda is a property defined by its strong fundamentals and lot value. Built in 1966, it features 1,040 sqft of living space and a renovated basement. The home sits on a notably large 6,251 sqft lot—a standout feature that ranks in the top 10% for the neighbourhood. Its assessed value is also well above local averages, indicating solid perceived worth relative to the area.
The primary appeal lies in its land size and location-based value. It’s not the newest or largest house on the block, but it offers a generous, above-average yard in a mature neighbourhood. The renovated basement adds functional living space. This property would best suit a buyer who prioritizes land potential over a turnkey modern home—think someone looking for a solid foundation in a stable area, perhaps a first-time buyer comfortable with a home from the 1960s, or an owner who values outdoor space and sees long-term value in the lot itself. It’s a practical choice for those who view a home as both a place to live and a land asset.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home was last sold in May 2021 for an estimated $25.5k–$28.5k. Its current assessed value of $36.8k is significantly higher, suggesting a substantial increase in its municipal valuation over the past few years.
2. Is the lot size unusual for the area?
Yes. The lot of 6,251 sqft ranks in the top 9% on its own street and top 10% in the wider Kildare-Redonda neighbourhood, making it larger than most comparable properties nearby.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope or finish. This is a key detail to clarify with the seller or listing agent to understand the quality and layout of the additional space.
4. How does the living space compare to typical Winnipeg homes?
At 1,040 sqft, it is slightly above average for its immediate area but is around the citywide average. It offers a moderately sized footprint, with the renovated basement likely providing additional usable space not fully reflected in the main living area square footage.
5. What is the significance of the home’s rankings?
The rankings show how this property compares to others. Key takeaways are its very high ranking for assessed value and lot size within the neighbourhood, suggesting it is a high-value property on a desirable piece of land for the area, while its living space and age are more typical.