Property Overview
This 720 sqft bi-level home at 405 Dowling Avenue E is a compact, efficiently designed property built in 1972. It sits on a 3,522 sqft lot in Winnipeg's Kildare-Redonda neighbourhood. Key features include a renovated basement and no garage. The home's assessed value is notably below averages for the street, area, and city, positioning it as an accessible entry point into the market.
Key Characteristics & Appeal
The primary appeal of this home lies in its affordability and practicality. With a living area and assessed value ranking in the lower tiers compared to nearby and city-wide averages, it presents a clear opportunity for budget-conscious buyers. The renovated basement adds functional living space, a valuable upgrade in a smaller home. The lot size is manageable, requiring less maintenance than larger properties.
It would suit first-time homebuyers seeking a foothold in the market without a significant financial burden, or investors looking for a straightforward rental property. A less obvious perspective is its potential for someone looking to downsize and simplify, as the bi-level design and modest yard offer ease of living without the upkeep of a larger house. Its age is actually an advantage on its street and in the immediate area, as it is newer than many comparable homes nearby.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 720 sqft, the living area is below the average for similar homes on Dowling Avenue E (919 sqft), in Kildare-Redonda (966 sqft), and across Winnipeg (1,342 sqft). It is a compact, efficient layout.
2. What does the assessed value indicate?
The assessed value of $23,500 is significantly below local and city averages. This typically suggests a lower property tax burden and reflects the home's position as a more affordable option in the area.
3. Is the lot a good size?
The 3,522 sqft lot is close to the average for the street but below the averages for the broader neighbourhood and city. It provides a decent outdoor space while remaining manageable for upkeep.
4. What does the "renovated basement" mean?
The listing confirms the basement has been renovated, which generally means it is finished as livable space. This effectively increases the usable square footage of this compact home.
5. How does the year built affect the property?
Built in 1972, this home is newer than many on its street and in Kildare-Redonda. This can be an advantage, potentially meaning updates to building materials or systems compared to older homes in the immediate vicinity.