Property Overview: 390 Kildare Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Kildare-Redonda is defined by a compelling contrast: a modest, renovated 846 sqft house on an exceptionally large, 7,315 sqft lot. Built in 1956, the living space is below average for the area, but the property’s standout feature is its land size, which ranks in the top 1% on its street and top 4% in the neighborhood. This presents a clear opportunity for expansion, gardening, or outdoor living that is rare in the city. The home includes a renovated basement and a detached garage.
The primary appeal lies in its potential. The lot is a blank canvas for future additions, a large garden, or even subdivision, subject to zoning. It suits practical buyers looking for a solid starter home with a huge yard, as well as visionaries or investors who see the long-term value in the land itself. It’s a property where the value is arguably more in the dirt than the structure, making it ideal for those willing to build equity over time through improvements.
Section 2: Frequently Asked Questions (FAQs)
1. Is the house too small for the lot?
Not necessarily. While the living area is compact, the large lot is the key asset. It offers immediate space for recreation and future possibilities for expansion that smaller lots simply cannot provide.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify finishes or layout. This is a key detail to clarify with the seller or agent to understand if it’s a finished living space, a utility area, or a combination.
3. How does the assessed value relate to the likely selling price?
The assessed value is a municipal figure for tax purposes and is typically lower than market value. The last recorded sale was in 2019. The current market price will be influenced by recent neighborhood sales, condition, and the high demand for large lots.
4. What are the implications of the home's age (1956)?
While the systems and structure may be older, the renovated basement suggests some updates. A thorough inspection is recommended to assess the roof, foundation, plumbing, and electrical systems typical of a home from this era.
5. Could the large lot be subdivided?
This is a complex question dependent on current City of Winnipeg zoning bylaws. The lot's size makes it a candidate, but any subdivision would require a formal application and approval process. A buyer should consult the city's planning department for definitive answers.