Property Overview
This 3-level split home at 343 Edward Avenue E presents a practical opportunity in Winnipeg's Kildare-Redonda neighbourhood. Built in 1963, its key appeal lies in its above-average proportions for the immediate area. With 1,116 sqft of living space and a 5,150 sqft lot, it ranks in the top 10-15% of its street for both size and land area, offering more room than many neighbouring properties. The home features a basement but has not been renovated, and it does not include a garage or pool. Its assessed value is consistent with area averages.
The property suits buyers looking for a solid foundation in a mature neighbourhood, particularly those who value space over move-in-ready finishes. It’s a candidate for gradual improvement, appealing to an owner willing to take on cosmetic updates. Its above-average lot size also offers subtle long-term value, whether for gardening, outdoor space, or future expansion potential, compared to tighter lots on the same street.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
The living area is notably larger than most on its street, ranking in the top 11%. It offers approximately 100 sqft more than the immediate area’s average for comparable homes.
2. What is the significance of the assessed value being "around average"?
The assessed value of $30,600 is typical for both the street and the wider Kildare-Redonda area. This suggests the property is priced in line with market norms for its location and type, not as a premium or undervalued outlier.
3. What does "basement, not renovated" typically imply?
This indicates the basement is developed and usable but may require updates. Buyers should budget for potential improvements to flooring, lighting, or layout to modernize the space.
4. The home sold in April 2022. What can that price range indicate?
The last sold price range ($29.5k - $32.5k) aligns closely with the current assessed value. This recent sale provides a concrete benchmark, showing stable value in the current market cycle.
5. With no garage, what are the parking options?
The property relies on driveway or street parking. This is common for homes of this era in the area. Buyers should verify on-site parking arrangements and review any local street parking regulations.