Property Overview: 7 Colonial Court, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Kildare-Redonda neighbourhood, built in 1963. With 954 sqft of living space and a 5,354 sqft lot, it presents as a more modest offering on its own street but sits closer to the average for the wider area. Its key updated feature is a renovated basement, adding functional living space, and it includes a detached garage. The home’s assessed value is positioned around the citywide average for comparable properties.
The primary appeal lies in its efficiency and manageability. It suits first-time homebuyers, downsizers, or practical investors looking for an entry into the market with foundational work already started (the basement renovation). Its lot size, while smaller than others on Colonial Court, is near the neighbourhood average, offering a balance of yard space without excessive maintenance. A thoughtful perspective is that its "below average" size on its specific street could represent a value opportunity in a well-established area, offering a lower threshold for ownership while still providing the community benefits.
Frequently Asked Questions
1. How does the size of this home compare to others in the area?
While its living area is below the average for Colonial Court itself, it is much closer to the typical size of homes across the broader Kildare-Redonda neighbourhood.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or listing agent to understand the quality and functionality of the space.
3. Is the assessed value a reliable indicator of the selling price?
The assessed value for municipal taxes is one data point. The sold price history shows a transaction in 2016, but market conditions have likely changed. Current sale prices of similar homes in the area are a more direct guide for today's value.
4. What are the implications of a detached garage?
A detached garage offers flexibility and can reduce noise transfer to the main house. However, it requires going outside to access, which can be a consideration during Winnipeg winters.
5. The home is older; what major systems should be investigated?
Given the age, the roof, foundation, plumbing, electrical systems, and heating are all important to have inspected. The renovated basement should also be checked for proper permits and moisture management.