Property Overview: 187 Kimberly Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home on Kimberly Avenue presents a compelling mix of space, value, and potential. Its most standout feature is the generous 7,674 sqft lot, which ranks in the top 2% for size on its street. This offers exceptional outdoor space for gardening, recreation, or future expansion, a rarity in the area. The living area of 1,393 sqft is also notably above average for the immediate neighborhood, providing ample room inside.
The home’s appeal is grounded in its value proposition. It boasts an assessed value that places it in the elite top 5% on its street, suggesting a strong foundation of municipal valuation relative to nearby properties. While the home itself is a century-old character property (built in 1923), it comes with a renovated basement, adding modern livable space, and a detached garage. Its recent sale history indicates steady market activity.
This property would best suit a practical buyer who values land size and interior space over a modern build. It’s ideal for someone with a vision for gradual updates, a family seeking a large yard, or an investor attracted by the solid assessed value and the upside potential of the sizable lot. It’s a home for those who see the enduring value in location and space, and are prepared for the character and considerations that come with an older structure.
Frequently Asked Questions
1. What does the high assessed value relative to the street actually mean?
It indicates that, according to municipal assessment, this property is valued significantly higher than most of its immediate neighbors. This can reflect the larger lot and living area, and often correlates with stronger resale value in the area, though market conditions always play the final role.
2. The home is over 100 years old. What should I consider?
While the renovated basement is a positive update, a home of this age will likely have original elements elsewhere, such as wiring, plumbing, or windows. A thorough inspection is essential to understand the condition of these older systems and plan for any necessary maintenance or upgrades.
3. How does the detached garage impact utility?
A detached garage offers flexibility—it can be a workshop or project space without affecting the main house. However, it means a walk to and from your vehicle in Winnipeg’s winter months, which is a practical consideration compared to an attached garage.
4. The lot is unusually large for the street. Are there any restrictions on its use?
The large lot is a major asset, but its use will be governed by local zoning bylaws. It’s wise to check with the city regarding rules for adding structures (like a shed or garage), building additions, or subdividing the lot if that is a future interest.
5. The sold price history shows ranges, not exact figures. Why?
Exact sale prices in Manitoba are not publicly available in online records. The ranges provided are estimates based on publicly accessible data. For precise historical sale prices to inform your offer, you would need to request the information directly from the listing service or your real estate agent.