Property Overview: 311 Larche Crescent, Winnipeg
Key Characteristics & Appeal
This 800 sqft, one-storey home on a 3,811 sqft lot presents a practical and affordable entry point into Winnipeg’s Kildare-Redonda neighborhood. Built in 1973, it is notably newer than most homes in the immediate area, which can be an advantage for systems and maintenance. The home features a renovated basement, adding functional living space. It does not have a garage or pool.
Its primary appeal lies in its value positioning. The home’s assessed value and recent sold prices consistently sit below the averages for its street, neighborhood, and the wider city. This creates an opportunity for budget-conscious buyers, including first-time homeowners or investors, to secure a solid, no-frills property in an established area. The compact lot size translates to less yard maintenance, suiting those seeking a simpler, more manageable property. It’s a home that prioritizes function and fundamentals over size or luxury, ideal for someone looking to build equity without a premium price tag.
Frequently Asked Questions
1. Is the price too good to be true? What's the catch?
The price reflects the home’s compact size (both the house and lot are below area averages) and lack of certain features like a garage. It’s not a catch, but a clear trade-off for affordability in a stable neighborhood.
2. How does the "newer" 1973 build year actually benefit me?
While still over 50 years old, being newer than 96% of homes in Kildare-Redonda suggests major components like plumbing, electrical, or the foundation may have had a shorter period of wear compared to much older neighbors, potentially deferring some costly updates.
3. What can I expect with a renovated basement?
A renovated basement adds valuable living space to an 800 sqft main floor. It’s crucial to verify the quality and permits of the renovation, and to check for moisture issues common in below-ground spaces.
4. Where does the real value lie here?
The value is in the land and location within an established community, purchased at a point well below city-wide averages. The house itself is a functional structure that allows you to own in the area, with future potential tied to the lot.
5. Who would this property NOT suit?
It would not suit buyers needing multiple bedrooms, ample storage, dedicated parking like a garage, or extensive outdoor space. It’s designed for simpler, lower-maintenance living.