Property Overview: 175 Cheriton Avenue, Winnipeg
Key Characteristics & Appeal
This well-maintained one-storey home on a generous 6,450 sqft lot in Kildonan Drive offers solid, above-average fundamentals for its immediate area. Built in 1960, its 1,322 sqft of living space ranks in the top 15% for size on Cheriton Avenue, providing more room than many neighbouring homes. A key feature is the renovated basement, adding functional living space, and the property includes an attached garage. The appeal lies in its established neighbourhood setting, its consistent performance in assessed value relative to the street and district, and the value-add of the updated basement. The lot size is a significant asset, offering ample outdoor space that is above average both for the street and city-wide.
This home would suit a buyer looking for a move-in-ready property with room to grow in a quiet, mature area. It’s ideal for small families, downsizers seeking single-level living without sacrificing space, or investors attracted to a stable property with a history of value retention. A less obvious perspective is that its consistently "above average" rankings on its own street suggest it's a standout property within a specific, desirable micro-location, potentially offering more stability than the broader area averages indicate.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,322 sqft, the living area is notably larger than the average home on Cheriton Avenue (approx. 1,115 sqft). It is competitively sized when compared to the broader Kildonan Drive area and the city overall.
2. What is the significance of the assessed value?
The assessed value of $405,000 is above the average for both Cheriton Avenue and the Kildonan Drive district. This typically indicates the municipality views the property as having higher-than-average value for its locale, which can be a positive signal for underlying worth.
3. Has the property’s value increased over time?
Based on available sold price ranges, the property sold for between $345k-$375k in mid-2016 and between $385k-$415k in late 2023. This suggests a trend of appreciation over that seven-year period, in line with broader market movements.
4. Is the lot size a major feature?
Yes. The 6,450 sqft lot is a key asset, ranking in the top 18% on its street and top 23% city-wide. It provides substantial outdoor space, which is a premium in many neighbourhoods.
5. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. This should be a primary question for the listing agent to understand the finish quality, layout, and whether it includes legal secondary suite potential or additional bedrooms/living space.