Property Overview
This 1973 bi-level home at 317 Dowling Avenue E in Winnipeg's Kildare-Redonda neighbourhood presents a practical and value-oriented opportunity. With 860 sqft of living space and a renovated basement, it sits on a well-sized 5,095 sqft lot with a detached garage. The home’s assessed value is notably strong for its immediate area and neighbourhood, suggesting it is viewed favorably relative to its peers. Recent sales history indicates steady market activity.
Key Characteristics & Ideal Buyer
The primary appeal of this property lies in its balance of modest upkeep and solid positioning within its community. While the living space is compact, the renovated basement adds functional square footage. Its standout characteristic is a comparatively high assessed value for the street and neighbourhood, which often reflects recent improvements, desirable lot attributes, or a stable location. The lot size is also above average for the street, offering good outdoor space.
This home would suit a first-time buyer or a downsizer looking for a manageable property without a major renovation project. It’s also a pragmatic choice for an investor seeking a rental property in a neighbourhood where the value proposition is clear-cut and has been validated by assessment metrics. A thoughtful perspective is that its "above average" assessment in the local context could signal a smoother valuation process for financing, but it also means property taxes will be calibrated to that higher value.
Frequently Asked Questions
1. Is the living space too small?
At 860 sqft, the main living area is below the city average. However, the presence of a renovated basement significantly expands the usable space, making the overall footprint more practical for a small household.
2. Why is the assessed value so high for the area?
The assessed value ranks in the top 21% for Kildare-Redonda. This typically results from a combination of factors like the renovated basement, lot size, and the home's condition relative to nearby properties, as determined by municipal assessment.
3. What does the sold price history tell me?
The home sold in 2016 and again in 2020, showing a typical market increase over that period. This activity indicates a property that has transacted in modern markets, providing relevant, recent price benchmarks.
4. How does the year built (1973) affect things?
Built in 1973, this home is newer than most on its street and in the neighbourhood. This can be an advantage, potentially meaning updates to building materials and systems, but a thorough inspection is still recommended to understand the condition of major components.
5. What are the implications of a detached garage?
A detached garage offers flexibility and can be ideal for a workshop or additional storage. Buyers should consider the convenience of accessing it in winter versus the potential benefits of separating vehicle fumes and noise from the house.