Property Overview
This 1959 one-storey home at 388 Kirkfield Street in Winnipeg offers a practical and well-proportioned living space. With 1,276 square feet of living area and a 6,149 square foot lot, it sits comfortably above average for its immediate street and neighborhood in terms of size and assessed value. A key feature is its renovated basement, adding functional space, and the property includes a detached garage. Its appeal lies in being a solid, established home in a mature neighborhood, offering more interior space than many nearby comparables. It would suit first-time buyers or downsizers looking for a manageable single-level layout with updated essentials, or an investor attracted by its strong value metrics relative to the local area.
Frequently Asked Questions
What does the "above average" ranking for this home actually mean?
The data shows this home ranks in the top 14% for living area and top 7% for assessed value on its own street. This means it is notably larger and carries a higher assessed value than most direct neighbors, suggesting it may offer better relative space or updates for the location.
Is the renovated basement a legal suite?
The listing specifies a renovated basement but does not state it is a legal secondary suite. Buyers should verify its permitted use with the city if considering rental income.
How does the sold price history help determine current value?
The home sold in August 2022 for an estimated $42.5k-$45.5k. This recent transaction provides a concrete benchmark, showing the price point the market supported just a few years ago, which is crucial for understanding current value trends in a stable neighborhood.
The home was built in 1959. What should I be aware of?
While the basement has been renovated, a home of this age will have original core components. A thorough inspection of the roof, foundation, plumbing, and electrical systems is essential to understand any upcoming maintenance typical for a house of this era.
Why is the city-wide land area ranking significantly higher?
The lot is above average (top 28%) compared to the entire city, but average within Kirkfield. This indicates the neighborhood generally features larger lots than many newer city areas, offering more outdoor space potential, though this property is typical for the local area.