Property Overview & Key Characteristics
This one-storey home at 347 Edward Avenue E in Winnipeg's Kildare-Redonda neighbourhood presents a practical and value-oriented opportunity. Its key appeal lies in a combination of above-average space and land size for its immediate area. With 1,053 sqft of living space and a 5,150 sqft lot, it ranks in the top quarter of homes on Edward Avenue E for both metrics. The basement has been renovated, adding functional space, and the property includes a detached garage.
Built in 1963, it is newer than many neighbouring houses, which can be a plus for systems and structure. The home’s assessed value is consistent with similar properties in the wider city, suggesting a fair market positioning. Its recent sale in late 2022 provides a clear, modern price benchmark.
This property would suit first-time buyers or downsizers looking for a manageable single-level layout in an established neighbourhood. It’s also a sensible fit for value-focused investors or homeowners who prioritize interior space and lot size over a more central city location. The renovated basement offers flexibility for a growing family, a home office, or a rental suite, adding to its functional appeal.
Frequently Asked Questions
1. How does this home compare to others in the neighbourhood?
The data shows this home is above average for Kildare-Redonda in both living area and lot size. It’s notably larger than many homes on its own street and sits on a lot that ranks in the top 10% locally for size.
2. What is the significance of the 1963 build year?
For this street, a 1963 build date is newer than most, ranking in the top 8%. This can suggest potentially fewer major age-related updates compared to older neighbouring homes, though a full inspection is always recommended.
3. What can the 2022 sale price tell me?
The sale price from November 2022 provides a recent and relevant market benchmark. It indicates the price point at which the home last changed hands in a different interest rate environment, which is a useful starting point for understanding its current value.
4. Is the detached garage a standard feature here?
While the listing confirms a detached garage, the data shows lot sizes on this street are generally smaller than the city-wide average. Having a detached garage on a 5,150 sqft lot is a good use of space, but it’s wise to consider how much yard space remains for other uses.
5. Where does the assessed value rank city-wide?
The home’s assessed value is around the city-wide median (top 59%). This indicates its official valuation is typical for Winnipeg overall, but it commands a premium within its specific local area due to its larger size and newer build date.