Property Overview
This 1962 bi-level home at 33 Camrose Bay presents a unique value proposition in Winnipeg’s Kildare-Redonda neighbourhood. Its key appeal lies in its balance of a generous, above-average lot size (5,502 sqft) with a modest, efficiently sized living space (900 sqft). The home features a renovated basement, a detached garage, and a private pool. The data reveals a clear picture: while the living area is compact compared to many modern homes, the property occupies a desirable piece of land in a mature area. Its assessed value is notably low relative to city-wide averages, which can translate to lower property taxes, but it also reflects the home’s smaller footprint and original era of construction.
This property would suit a pragmatic first-time buyer, an investor looking for a land-value opportunity, or a downsizer seeking a manageable home with outdoor space for gardening or leisure. Its appeal is for those who prioritize lot potential and location over immediate square footage, seeing the existing structure as a solid foundation to update over time or maintain as an efficient, affordable holding.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is primarily based on the home’s specific characteristics, notably its smaller living area and its original 1962 construction. It is assessed in line with similar-sized properties in its immediate area, not against larger, newer homes city-wide.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated, but the specific scope and quality of finishes are not detailed. This is a key point to clarify during a viewing or with the selling agent to understand if it’s a cosmetic update or includes structural, electrical, or plumbing improvements.
3. Is the pool an asset or a liability?
This depends on the buyer. A private pool is a rare luxury in Winnipeg but requires significant seasonal maintenance, insurance considerations, and ongoing costs. For the right buyer, it’s a major recreational feature; for others, it could be seen as an expense to remove or maintain.
4. How does the living area size impact daily life?
At 900 sqft, the home is compact. The efficient use of space in the bi-level layout will be crucial. It may suit a smaller household comfortably but could feel constrained for those needing multiple dedicated rooms or extensive storage. The renovated basement likely provides essential additional functional space.
5. What is the significance of the lot size being "above average"?
With a lot size ranking in the top 25% on its street, this property offers more outdoor space than many of its neighbours. This provides valuable potential for expansion (subject to zoning), larger gardens, private outdoor living, or simply more breathing room—a feature that is increasingly rare and cannot be added to a property later.