Property Overview
This one-storey home at 632 Coldstream Avenue in Winnipeg's Kildare-Redonda neighbourhood presents a practical and straightforward living opportunity. Built in 1962, it features 948 square feet of living space, a renovated basement, and a detached garage. The property stands out for its larger-than-average lot size on its street, offering more outdoor space than most immediate neighbours. Its assessed value and living area are generally in line with neighbourhood averages, positioning it as a typical offering for the area without significant premium or discount based on core metrics. Recent sale history indicates steady market activity.
Key Characteristics & Appeal
The primary appeal of this home lies in its modesty and potential. The renovated basement adds functional living space, a valuable asset in a sub-1,000 sqft main floor plan. The detached garage provides flexibility for storage, hobbies, or parking. A thoughtful perspective is the lot size: while the house itself is compact, the 5,000 sqft land parcel is notably larger than others on Coldstream Avenue, suggesting room for gardening, expansion, or simply more private outdoor space—a rarity for homes of this vintage and style in the city.
It would suit first-time buyers seeking an entry point into the market with some immediate updates already completed, or practical downsizers looking for a manageable single-level layout without a sprawling yard to maintain. Investors may also see it as a stable rental property, given its average metrics for the area and recent sales history indicating consistent demand.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a "renovated basement" but does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and building codes with the city if considering rental income.
2. How does the property's value compare to recent sales?
Based on available data, the home sold between $265,000 and $295,000 in September 2022. Its current assessed value is approximately $307,000. Market conditions have shifted since the last sale, so a current professional appraisal is recommended.
3. What is the neighbourhood like?
Kildare-Redonda is a mature, established neighbourhood. The property's metrics (year built, living area, value) are consistently around the average for this specific area, suggesting a stable, typical streetscape of well-maintained post-war homes.
4. What are the potential drawbacks?
The living area is below average for the specific street and city-wide, so space may be compact for some. As a home built in the 1960s, a thorough inspection of major aging components (roof, wiring, plumbing, foundation) is advisable, regardless of the basement renovation.
5. Why is the lot size highlighted?
On a street where most lots are smaller, this property's land area ranks 3rd largest out of 17. This is a less obvious advantage, offering more outdoor flexibility and potentially better property line setbacks than neighbouring homes.