Property Overview
This one-storey home at 503 Widlake Street in Winnipeg's Kildare-Redonda neighbourhood presents a solid, no-fuss opportunity. Built in 1964, its key appeal lies in its generous 6,601 sqft lot—significantly larger than most in the immediate area and across the city—offering substantial outdoor space and future potential. The 1,143 sqft living area is comfortably above average for the neighbourhood, and the home features a renovated basement and a detached garage. Its assessed value ranks among the highest on its street, suggesting it is a well-regarded property in its local context.
The home suits practical buyers looking for space and stability over flashy finishes. It’s ideal for someone who values a larger yard for gardening, children, or pets, and for whom a functional layout and a renovated basement are key assets. It would also appeal to a value-conscious buyer who sees the long-term benefit of a larger lot in an established neighbourhood, where the land itself is a primary store of value.
Frequently Asked Questions
What does the high assessed value ranking on the street indicate?
It typically means the property is assessed for a higher amount than most of its immediate neighbours, which can reflect factors like lot size, improvements, or overall condition. It's important to note this is for municipal taxation, not market value, though there is often a correlation.
Is the renovated basement a legal suite?
The provided details confirm the basement is renovated but do not specify if it is a legal, secondary suite. This is a critical point to verify with the listing agent and the city, as it affects value, insurance, and permitted use.
How does the larger lot size impact me?
Beyond more private outdoor space, a larger lot can offer better future potential for additions, landscaping, or even subdivision, subject to city zoning bylaws. It also generally means greater distance from neighbouring homes.
The home is older; what should I be mindful of?
While the basement has been renovated, a home from the 1960s will have aging core components. A thorough inspection should focus on the roof, foundation, plumbing, electrical systems, and insulation to understand any upcoming capital costs.
Why is the exact historical sold price not publicly listed?
Sold price data is not always publicly disclosed in Manitoba. The range provided is an estimate based on available data, and the precise figure can often be obtained through a real estate professional or by request from services that manually compile the information.