Property Overview: 375 Harold Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 375 Harold Avenue E in the Kildare-Redonda neighbourhood presents a practical and straightforward opportunity. Its key characteristics include a renovated basement, 1,046 square feet of living space, and a notably generous 5,591 square foot lot for the area, which ranks well above average locally. Built in 1965, it is relatively newer than many homes on its street.
The appeal lies in its position as a solid, no-frills property within a well-established community. The renovated basement adds functional living space, while the larger-than-average lot offers valuable outdoor potential—a relative rarity. The home’s recent sale in late 2024 suggests it is move-in ready.
This property would best suit first-time buyers or practical-minded investors looking for a grounded entry into the Winnipeg market without major immediate projects. It’s for someone who values usable land space and functional updates over high-end finishes or premium location status. A less obvious perspective is that its "around average" metrics across the board may indicate stability and fair value, rather than standing out for exceptional size or assessed value, making it a sensible, lower-risk choice.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A prospective buyer should inquire about the finishes, the permit status for any major work, and whether it includes a separate entrance or legal suite potential.
2. How does the lack of a garage affect daily living and value?
The property has no garage, which is common for many homes of this era and price point. Buyers should consider the street parking situation, the potential to add a shed or carport on the large lot, and the impact on winter vehicle maintenance.
3. The assessed value seems low compared to the recent sale price. Why?
The city’s assessed value for taxation purposes ($31.3k) is consistently much lower than market sale prices. The home sold for between $345k and $375k in late 2024. Assessed value is not an indicator of market value in Winnipeg’s current climate.
4. What are the advantages of a larger lot in this neighbourhood?
The above-average lot size (5,591 sq ft) is a significant asset. It provides more private outdoor space, room for gardening, play areas, or future additions like a deck or garage. In a mature neighbourhood, larger lots are often a finite resource.
5. Is this a good area for investment or resale?
Kildare-Redonda is a stable, established area. The home’s metrics are consistently around or above average for its immediate area, suggesting it fits well within the local market. Its recent sale and renovated condition may appeal to future buyers seeking a turnkey home, supporting reasonable resale potential.