Property Overview & Key Characteristics
This one-storey home at 35 Laurentia Bay is a classic 1965 build that presents a practical and grounded opportunity in Winnipeg's Kildare-Redonda neighbourhood. Its primary appeal lies in its solid, no-frills foundation and a lot size that is notably above average for its immediate street. With 1,014 sqft of living space and a renovated basement, the home offers functional living areas. The detached garage adds utility.
The home’s standout characteristic is its land. At 5,100 sqft, the lot ranks in the top 23% on Laurentia Bay, providing a generous outdoor space that is a relative rarity for the area. This is a key asset for anyone valuing room for gardening, play, or future expansion. The assessed value is consistent with the local area, suggesting a fairly priced entry point into a stable, established community.
This property would suit a first-time homebuyer, a downsizer looking for single-level living, or a practical investor. It’s for someone who sees potential in a home’s fundamentals—good lot size, a renovated basement for extra space, and a location that is average for the city but offers neighbourhood consistency—rather than seeking high-end finishes or a brand-new build. The recent sale in early 2024 indicates a property that is moving in the market at a accessible price point.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 1,014 sqft, the living area is very close to the average for both Laurentia Bay and the wider Kildare-Redonda area. It is, however, below the city-wide average, which is typical for many established neighbourhoods. The renovated basement effectively adds usable space to the footprint.
2. Is the lot size a significant feature?
Yes. The 5,100 sqft lot is a distinguishing asset, ranking well above average for the street (top 23%). This provides more private outdoor space than many neighbouring properties, which is a valuable and less replaceable feature than interior upgrades.
3. What does the assessed value tell us?
The assessed value of $32,300k is consistently around the average for the street, neighbourhood, and city. This suggests the property is not overvalued relative to its community and aligns with typical homes in Winnipeg, providing a stable benchmark for buyers.
4. The home was built in 1965. What should I consider?
As a home from the mid-60s, major systems (like roof, plumbing, electrical) may be at or past their typical lifespan unless already updated. A thorough inspection is advised. On a positive note, homes from this era often feature larger lot sizes and straightforward, functional layouts.
5. Who would this home not suit?
It may not suit buyers seeking a modern, open-concept layout without renovation work, or those prioritizing a premium city-wide location. The home offers solid value and space but is not a luxury property. It’s best for those comfortable with the character and maintenance considerations of a well-kept, older home.