Property Overview
This one-storey home at 498 Daer Boulevard in Winnipeg's Kirkfield neighbourhood presents a compelling mix of space, value, and potential. Its key appeal lies in its generous proportions, both indoors and out. With 1,304 sqft of living space, it is notably larger than most similar homes on its street and in the immediate area. More significantly, it sits on an expansive 11,074 sqft lot, which ranks in the top 5% citywide, offering exceptional outdoor space and privacy for an urban property. The home features an attached garage and a renovated basement, adding functional living space. Built in 1972, it is a relatively newer home compared to many in Kirkfield.
The property’s assessed value is notably high for its street and area, which often reflects its substantial lot size and recent improvements like the basement renovation. This creates an interesting dynamic: it's a premium property within its local context, yet it may still attract buyers looking for value compared to the wider city market. It would suit a buyer seeking a spacious bungalow layout with a massive yard for gardening, recreation, or future expansion. It's also ideal for those who prioritize move-in readiness with recent updates, and for investors or homeowners who understand that a large, desirable lot is a long-term asset that often drives property value.
Frequently Asked Questions
1. Why is the assessed value so much higher than neighbouring homes?
The assessed value is likely elevated due to two primary factors: the home's exceptionally large lot size, which is a major value driver, and the renovated basement, which adds finished living area. It ranks in the top 4% on its street for assessed value, indicating it is considered a premium property in its immediate locale.
2. Is the large lot a benefit or a burden?
It is primarily a significant benefit, offering rare privacy, space for additions like a deck or shed, and gardening potential. However, buyers should consider the associated maintenance (lawn care, snow clearing) and ensure they are comfortable with the responsibility and cost of upkeep for a property of this scale.
3. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. We recommend this be a key question for the listing agent to understand the quality, permits, and nature of the renovation (e.g., is it a legal suite, a rec room, or additional bedrooms?).
4. How does the 1972 build year compare?
Built in 1972, this home is newer than the average home in both Kirkfield and Winnipeg overall. This can be an advantage, potentially meaning updated building materials and systems compared to much older stock, though core components like the roof, windows, and plumbing should still be inspected for their current condition.
5. What is the neighbourhood like?
Kirkfield is a mature, established neighbourhood. The property-specific data shows that homes here typically have smaller lots and are older on average, making this particular home something of an outlier with its large, newer lot. This suggests a quieter, settled community with this property offering more space than is commonly available.