Property Overview
This single-storey home at 27 Laurentia Bay is a practical and well-situated property in Winnipeg's Kildare-Redonda neighbourhood. Built in 1965, it features 955 sqft of living space, a renovated basement, a detached garage, and sits on a 5,000 sqft lot. With an assessed value of $340,000, it presents a grounded opportunity in the market.
Key Characteristics & Appeal
The primary appeal of this home lies in its balance of location, condition, and value. It sits in a mature neighbourhood where its assessed value ranks above average compared to the local area, suggesting it is viewed favorably relative to its immediate peers. The renovated basement adds functional living space, a significant asset in a sub-1,000 sqft main floor plan.
Its charm is more utilitarian than extravagant. It would suit first-time buyers seeking a solid entry into homeownership, downsizers looking for a manageable single-level layout without a full condo commitment, or value-focused investors attracted by the renovated basement's income potential. A thoughtful perspective is that while the living area is modest, its above-average valuation for the neighbourhood hints at updates or conditions not fully captured by square footage alone. The lot size, while below average for the street, is still generous by city standards, offering outdoor space without overwhelming maintenance.
Frequently Asked Questions
1. How does the value compare to recent sales?
The home sold in late 2020 for an estimated $29.5k-$32.5k. Its current $340k assessment reflects the market evolution since then and should be used as a baseline for municipal taxation, not necessarily current market value.
2. Is the living space too small?
At 955 sqft, the main living area is compact. However, the renovated basement effectively doubles the usable space, making the overall footprint more practical for a small household or couple.
3. What does the "above average" assessment for the neighbourhood mean?
It indicates that, according to municipal assessment, this property holds a higher value relative to most homes in Kildare-Redonda. This can be due to factors like the basement renovation, lot location, or overall condition.
4. What are the implications of a detached garage?
A detached garage offers flexibility (e.g., for a workshop) and can reduce noise transfer to the house. The trade-off is convenience, requiring you to go outside to access your vehicle, which is a consideration in Winnipeg winters.
5. How does the property rank for its year built?
Built in 1965, it is newer than many homes on its own street (ranking in the top 30%), meaning major components like the roof or foundation may be slightly younger than immediate neighbours, though all systems will still require diligent inspection due to the home's age.