Property Overview
This one-storey home at 8 Premier Place in Winnipeg's Kildare-Redonda neighbourhood presents a specific and compelling value proposition. Built in 1963, it features 1,047 sqft of living space, a renovated basement, a detached garage, and sits on a 5,000 sqft lot.
Key Characteristics & Appeal
The primary appeal of this property lies in its strong assessed value relative to its immediate surroundings. While the living area is modest compared to other homes on Premier Place, its assessment is in the top 11% for the street and top 9% for the neighbourhood. This suggests the home, particularly with its renovated basement, may offer above-average finishes or condition for the area. It suits a practical buyer—perhaps a first-time homeowner, downsizer, or investor—who prioritizes value and move-in readiness from a renovated space over sheer square footage. The lot size is standard for the area, offering manageable outdoor space without excessive upkeep. A less obvious perspective is that its "below average" size on a street of larger homes could represent a long-term opportunity for expansion, subject to local regulations, in a well-established location.
Frequently Asked Questions
1. Why is the assessed value so high compared to the living area?
The assessment, which is above average for the street and neighbourhood, likely reflects the renovated basement and the overall condition or quality of the property compared to its peers.
2. What does the sold price history indicate?
The home sold in October 2020 for an estimated range of $255,000 to $285,000. The current assessed value of $359,000 reflects market changes and the property's condition since that last sale.
3. Is the detached garage a standard feature here?
While the listing confirms a detached garage for this home, you would need to check nearby properties individually to determine how common this feature is in the area.
4. How does the lot size compare?
At 5,000 sqft, the lot is slightly below the average for Premier Place but is very typical for the wider Kildare-Redonda neighbourhood, representing a standard urban parcel.
5. How can I get the exact historical sold price?
The exact sold price is not publicly displayed. You can request it directly via the email button on the listing page; the service aims to provide the accurate figure manually by the end of the same day.