Property Overview
This one-storey home at 3 Laurentia Bay in Winnipeg's Kildare-Redonda neighbourhood presents a practical and settled opportunity. Built in 1965, it features 1,044 sqft of living space, a renovated basement, and an attached garage on a notably spacious 5,399 sqft lot. The home's assessed value is in line with area averages.
Key Characteristics & Appeal
The primary appeal of this property lies in its established neighbourhood setting and its above-average lot size, which offers more outdoor space than many comparable homes in the immediate area. The renovated basement adds functional living space, a valuable asset in a one-storey layout. Its living area is competitively sized for the street and neighbourhood, ranking within the top 30%.
This home would suit a first-time buyer or downsizer looking for a manageable, single-level layout in a mature community. The generous lot is a standout feature for those who value private outdoor space for gardening, recreation, or future expansion. It’s a home that represents a stable, middle-of-the-road investment in its market segment—not the newest or largest, but offering solid fundamentals like space and location without a premium price tag.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
Based on available data, a similar home on this street sold in 2017 for an estimated range of $225,000-$255,000. The current assessed value is $323,000. For the exact historical sold price of this specific property, you can request the information via email.
2. Is the lot size a significant advantage?
Yes. The land area of 5,399 sqft ranks in the top 17% on Laurentia Bay itself and the top 30% within the wider Kildare-Redonda neighbourhood, meaning it offers more yard space than many direct comparables.
3. What does "above average" for the Year Built mean?
Built in 1965, it is considered "above average" for its specific street because it is newer than many homes on Laurentia Bay. Compared to the entire city, however, its age is around the median.
4. Who is responsible for verifying the condition of the renovated basement?
As with any renovation, the quality and compliance with permits are the responsibility of the buyer to investigate. We recommend a professional home inspection to review all aspects of the property's condition.
5. Are the property taxes likely to be stable?
The assessed value is consistently around the neighbourhood and city-wide averages, which typically suggests property taxes that are in line with similar homes in Winnipeg, without unexpected premium.