Property Overview
This one-storey home at 75 Allenby Crescent in Winnipeg's Kildare-Redonda neighbourhood presents a specific and compelling value proposition. Built in 1971, it features 833 sqft of living space, a renovated basement, and a detached garage on a 4,755 sqft lot.
Key Characteristics & Buyer Appeal
The primary appeal of this property lies in its financial efficiency and established location. While the living space is modest and below average for the area, the home’s assessed value consistently ranks in the top tiers for its immediate street and neighbourhood. This suggests it is viewed as a strong value relative to other homes nearby, potentially offering a more affordable entry point into the community. Its recent sale history shows significant appreciation between 2020 and 2022.
The renovated basement adds functional living space, and the detached garage provides utility or storage. The lot size is typical for the street but smaller than many city-wide averages, resulting in manageable outdoor maintenance.
This home would suit first-time buyers or practical downsizers seeking an established neighbourhood without a premium price tag. It’s for a buyer who prioritizes financial sensibility and a solid foundation over size, and who sees potential in a home that has already seen key updates like the basement renovation.
Frequently Asked Questions
1. Is the home's smaller living area a concern?
At 833 sqft, the above-ground living space is compact. However, the renovated basement effectively expands the usable area, making the home practical for a small household or those comfortable with efficient layouts.
2. Why is the assessed value high for the neighbourhood despite the home's size?
A higher assessment relative to nearby homes can indicate factors like desirable lot location, quality of renovations (like the basement), or overall property condition that the municipality recognizes in its valuation. It often reflects solid value within the local market context.
3. What does the sale history tell us?
The home sold in late 2020 for an estimated $25.5k-$28.5k and again in mid-2022 for $36.5k-$39.5k. This indicates a period of strong value increase, which may reflect the renovated basement and market conditions at that time.
4. What are the advantages of a detached garage?
A detached garage offers flexibility—it can be used for vehicle storage, a workshop, or extra storage without impacting the home's living space. It may also provide more options for future landscaping or yard use.
5. Is the property likely to require major updates?
The basement renovation is a notable update. As a home built in the early 1970s, prospective buyers should still budget for ongoing maintenance and consider the age of major systems like roof, windows, and heating, which are typical for a house of this era.