Property Summary: 161 Bronx Place, Winnipeg
Key Characteristics & Buyer Appeal
This one-storey home on Bronx Place in the Kildonan Drive area is a study in contrasts, offering a unique value proposition. Its key characteristic is a recently renovated basement, adding modern living space to a character home built in 1921. The house itself is compact at 855 sqft, placing it below average in size for its immediate street, neighborhood, and city. However, it sits on a manageable 4,121 sqft lot and, notably, has an assessed value ($32,200) that is above average for its own street. This suggests the renovations and lot contribute to a perceived value that outperforms its direct peers.
The appeal lies in its efficiency and potential. It suits a first-time homebuyer, downsizer, or practical investor looking for a lower entry point into the Winnipeg market without sacrificing a renovated living space. The detached garage adds utility. A thoughtful perspective is that while the home is smaller and older than most in a wide radius, it represents a "right-sized" property—offering enough space without the upkeep of a larger footprint, which can be a hidden advantage. Its value holding strong on its specific street indicates it's a recognized asset in its micro-location.
Frequently Asked Questions
1. Is the sold price history accurate?
The listed sale range (approx. $24.5k–$27.5k in 2016) is based on public data. The exact sale price can be provided upon request via email, as the service manually verifies records to ensure accuracy.
2. How can the assessed value be above average on the street if the house is smaller and older?
Assessment considers more than size and age. The renovated basement, lot value, and overall condition likely contribute to an assessment that exceeds the street's average, indicating specific upgrades have been recognized.
3. What does the "top X%" ranking mean for each metric?
It shows how this property compares to a group of peers. For example, "Top 71%" for Living Area means its square footage is greater than 71% of comparable homes on Bronx Place, but it's still below that group's average size. The rankings provide relative context.
4. Who would this property not suit?
It may not suit buyers needing significant above-ground living space or those wary of the maintenance considerations that can come with a century-old home, despite the basement renovation.
5. Why is the city-wide assessed value comparison so different?
The assessed value is around the city-wide average for all properties. The dramatic difference in dollar figures shown (e.g., $32.20k vs. $390k avg) appears to be a formatting error in the data table. The key takeaway is its "Top 64%" ranking, meaning it is assessed higher than 64% of city-wide peers.