Property Overview: 506 Kildare Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Kildare-Redonda is a practical property that stands out for its generous lot size. Built in 1958, the 1,037 sqft house features a renovated basement and a detached garage. Its living space and assessed value are consistently around the average for its immediate street, neighborhood, and the wider city, indicating a stable, mid-market offering.
The primary appeal lies in its land. The lot of 6,677 sqft ranks in the top 6% for size on its street and in Kildare-Redonda, offering significantly more outdoor space than most comparable properties. This creates notable potential for gardening, expansion, or simply enjoying a larger yard. The renovated basement adds functional living space. This home would suit first-time buyers or downsizers looking for a solid, no-frills home in a established neighborhood, with the bonus of a sizable lot that provides room to grow or unwind. It’s a property where the value is grounded more in its land asset and functional layout than in premium finishes or square footage.
Section 2: Frequently Asked Questions
1. How does the lot size compare to a typical city lot?
The lot is approximately 6,677 sqft, which is above average citywide. For perspective, it ranks in the top 20% in Winnipeg and is about 30% larger than the average lot in its own neighborhood.
2. What is the significance of the home's rankings being "around average"?
For metrics like living area and assessed value, being consistently around average for the street, area, and city suggests this property is priced and sized in line with market norms. It indicates stability rather than standing out as exceptionally large, small, expensive, or inexpensive.
3. The home was last sold in 2020. What might have changed since then?
While the core structure and lot remain the same, the renovated basement was likely completed by the current owners. Market conditions have also evolved since 2020, so the current value would be influenced by broader real estate trends.
4. What are the potential considerations with a home built in 1958?
While the basement has been renovated, a home of this age may have original components, such as plumbing, electrical, or windows, that could require attention or updating. A thorough inspection is recommended to understand the condition of these core systems.
5. Who might this property not suit?
It may not be ideal for buyers seeking a modern, open-concept layout, as one-storey homes from this era often have more compartmentalized rooms. It also may not suit those looking for a turnkey, newly built home or for investors seeking a property with exceptionally high rental yields based on interior square footage alone.