Property Summary: 23 Southampton Place, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1966, situated on a 5,000 sqft lot in the Kildare-Redonda neighbourhood. Its key feature is a renovated basement, adding functional living space to the 1,040 sqft footprint. The home includes a detached garage.
The appeal lies in its position as a well-maintained, move-in-ready property in a mature area. The renovated basement is a significant value-add, offering flexibility for a family room, home office, or separate suite. While the living area is modest compared to some neighbours, it ranks above average for size within the wider Kildare-Redonda area, suggesting it offers good space efficiency for the location. The assessed value is notably strong for the neighbourhood, placing it in the top 10%, which often indicates above-average upkeep or improvements relative to nearby homes.
This property would suit first-time buyers seeking a manageable, updated home without a major project list, or downsizers looking for single-level living with a finished basement for guests or hobbies. It’s a practical choice for someone who values the established character of a neighbourhood like Kildare-Redonda and prefers a lower-maintenance lot size.
Frequently Asked Questions
1. How does the home’s size compare practically?
While the living area is below average for its immediate street, it is actually above average for the broader Kildare-Redonda neighbourhood. This suggests the home is efficiently laid out and competitively sized for the area, making it a sensible option within its market.
2. What does the “above average” assessed value mean?
With an assessed value in the top 10% for Kildare-Redonda, this home is officially valued higher than most in the neighbourhood. This typically reflects recent renovations (like the basement), better overall condition, or desirable lot features compared to area averages.
3. Is the lot size a drawback?
At 5,000 sqft, it is the smallest on its street but is very close to the average lot size for both the neighbourhood and city-wide. It represents a lower-maintenance yard, which can be a benefit for buyers not wanting extensive outdoor upkeep.
4. What is the likely price range based on recent sales?
The home last sold in April 2021 for an estimated $26.5k to $29.5k. Current value would be influenced by market changes since then and its strong assessed value. For the exact historical sold price, you can request details via email from the listing source.
5. Who might this neighbourhood appeal to?
Kildare-Redonda is a mature, established area. This home’s profile suggests it appeals to those seeking stability and community character, with the convenience of being close to city-wide averages for home size and value, offering a balanced urban living option.