Property Overview
This 3-level split home at 505 Kildare Avenue E in Winnipeg’s Kildare-Redonda neighbourhood presents a practical and value-conscious opportunity. Built in 1963, it features 1,084 sqft of living space, a renovated basement, and a detached garage on a 4,989 sqft lot.
Its primary appeal lies in its solid positioning within its immediate community. The living space is notably above average for both the street and the wider neighbourhood, suggesting a home that makes efficient use of its footprint. While its assessed value and lot size are typical for the area, the renovated basement adds modern utility without the premium of a fully updated home. It suits first-time buyers seeking a move-in-ready foundation, downsizers looking for manageable space without sacrificing room for hobbies or guests, or investors interested in a stable, character-area property with proven rental demand.
A less obvious perspective is the advantage of its "average" assessments. In a neighbourhood context, this can indicate a lower risk of property tax spikes compared to recently reassessed or renovated homes, providing predictable carrying costs. The home’s age and style also offer straightforward potential for energy-efficient upgrades, which could yield significant savings and comfort improvements.
Frequently Asked Questions
1. How does the living space compare to nearby homes?
The home’s living area (1,084 sqft) ranks in the top 20% on its street and the top 11% within the Kildare-Redonda neighbourhood, meaning it offers more interior space than most comparable local properties.
2. What is the significance of the sold price history from 2016?
The listed sold price range (approximately $22.5k-$25.5k in 2016) is a historical benchmark. For a current market valuation, a professional appraisal or analysis of very recent neighbourhood sales is necessary, as the market has evolved significantly since then.
3. What does the "around average" assessed value mean for taxes?
With an assessed value that ranks near the median for the area, the property tax burden for this home is likely to be typical for Kildare-Redonda, avoiding the extremes of being significantly above or below the neighbourhood norm.
4. Is the lot size suitable for additions or outdoor space?
The lot is just under 5,000 sqft, which is standard for the area. It provides a good-sized yard but may have specific setback or zoning restrictions; checking with the city would be essential for any plans for significant expansions, decks, or detached structures.
5. What are the implications of a 3-level split layout?
This classic layout offers good separation of living and sleeping areas. It is efficient for heating and cooling but involves several short flights of stairs, which is a consideration for mobility and furniture placement. The split design often creates defined, cozy living spaces.