Property Overview
5 Vardon Place is a two-storey home in Winnipeg's Kirkfield neighbourhood, built in 1973. It features 1,965 sqft of living space, an attached garage, and a renovated basement. The property stands out for its exceptionally large lot of over 12,600 sqft, which ranks in the top 1% of Kirkfield and the top 3% city-wide. While the home's living area is modest for its immediate street, its assessed value of $630k positions it well above average for both the neighbourhood and the broader city market.
Key Characteristics & Appeal
The primary appeal of this property is its land. The lot is not just large; it is a rare, elite-sized parcel that offers immense potential for gardening, recreation, expansion, or simply enjoying private outdoor space—a feature increasingly difficult to find. The home itself offers solid, updated fundamentals with its renovated basement and attached garage. Its assessed value suggests it is a premium property within Kirkfield, likely reflecting the desirable lot and updates.
This home would best suit a buyer who values space and potential over sheer square footage. It’s ideal for someone looking for a established neighbourhood character with room to grow, whether that means future renovations, adding a detached structure, or simply having a generous yard. It may also appeal to a value-conscious buyer who recognizes that the lot size is a long-term asset that outperforms the home's current footprint, offering a unique opportunity in the city.
Frequently Asked Questions
1. How does the home’s size compare to others?
While the living area (1,965 sqft) is below average for its specific street, it is above average for both the Kirkfield neighbourhood and the city of Winnipeg as a whole.
2. What does the "Elite" ranking for land area mean?
It means the lot size of 12,628 sqft is larger than over 99% of properties in Kirkfield and over 97% of properties across Winnipeg, making it a exceptionally rare and spacious parcel.
3. Is the assessed value of $630k typical for the area?
No, it is well above typical. This assessed value ranks in the top 7% in Kirkfield and top 6% city-wide, indicating the property is considered a high-value home for these markets.
4. When was it last sold, and for how much?
The home was sold in December 2016. The exact sale price is available upon request, but public data indicates a range between $455,000 and $485,000 at that time.
5. What are the less obvious points to consider?
Consider that the large lot may mean higher maintenance or landscaping costs, but also offers unique flexibility. Additionally, while the basement is renovated, the main living areas are from 1973, so future updates to the kitchen or bathrooms may be part of a buyer's plan. The high assessed value also suggests correspondingly higher property taxes.