Property Overview: 518 Kildare Avenue E
Key Features & Ideal Buyer
This 1958 one-storey home in Winnipeg's Kildare-Redonda neighborhood presents a practical and value-oriented opportunity. Its key appeal lies in a significant, above-average lot size of over 6,800 sqft—a standout feature that ranks in the top 4% on its street. This generous outdoor space offers rare potential for gardening, expansion, or simply enjoying more privacy than is typical for the area. The home itself, at 1,037 sqft with a renovated basement and a detached garage, is functionally sized and has seen some updates. Its assessed value is consistently above average for both the immediate street and the wider neighborhood, suggesting a solid foundation of perceived worth.
This property would suit a first-time buyer, a downsizer, or a hands-on owner looking for a manageable home with an exceptional yard. It’s particularly fitting for someone who values outdoor space over a large interior footprint and sees potential in a solid, mid-century home that may benefit from further modernization. A thoughtful perspective is that while the home's living area and age are average for the city, its lot size and assessed value metrics indicate a property that is fundamentally land-rich—a characteristic often appreciated by long-term homeowners and investors alike.
Frequently Asked Questions
1. What is the exact sold price history?
The public data shows a sale in November 2021 in the range of $325,000 to $355,000. For the precise sale price, you can request the information via email from the listing source.
2. How does the lot size compare to others?
The lot is a major feature. At 6,802 sqft, it is significantly larger than most, ranking in the top 4% on Kildare Avenue E and the top 6% within the entire Kildare-Redonda area.
3. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope or finish. This would be a key detail to clarify with the seller or listing agent to understand the quality and layout of the additional space.
4. Is the home's age a concern?
Built in 1958, the home is older than many in its immediate neighborhood. While this can mean potential maintenance considerations, it is around the average age for homes citywide. A thorough inspection would be advisable to assess the condition of major systems and the roof.
5. How does the assessed value relate to the likely market price?
The home's assessed value ($342,000) is above average for its street and neighborhood. Market price is influenced by current conditions, but this consistent above-average assessment can indicate a stable tax basis and a history of being valued favorably compared to nearby properties.