Property Overview: 514 Daer Boulevard, Winnipeg
Key Characteristics & Appeal
This one-storey home in Kirkfield presents a distinct value proposition centered on its land. Built in 1938, the 910 sqft house is modest in size and has a below-average assessed value compared to its immediate area and the wider city. Its key characteristic is the generous 8,788 sqft lot, which ranks in the top 14% of Kirkfield and the top 9% city-wide for land area. This creates a significant contrast between the home's footprint and its property size.
The primary appeal lies in this land potential. It suits a specific buyer: someone looking for an affordable entry into the neighbourhood with a clear vision for the future. This could be a hands-on buyer planning a major renovation or expansion, an investor considering a future rebuild, or simply a purchaser who prioritizes expansive outdoor space over a large interior. The detached garage adds practical utility. It’s a property that asks for imagination, offering a lower upfront cost with the trade-off of an older, smaller home that will likely require updates.
Frequently Asked Questions
1. Is this a fixer-upper?
Given its age (1938) and below-average assessed value, the home will almost certainly require modernization and maintenance. Buyers should budget for updates to systems, insulation, and interior finishes.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the current state and size of the dwelling itself, which is older and smaller than average. The valuation does not fully capture the potential premium of the large lot in today's market.
3. Can the house be added onto or rebuilt?
The large lot size is a major asset for future expansion or redevelopment. Any plans would require checking with the City of Winnipeg for zoning bylaws, setback requirements, and permitting.
4. How does the last sold price (2023) relate to the assessed value?
The sold price range from 2023 is close to the current assessed value, suggesting the assessment is in line with its recent market value. This indicates the property is priced based on its current condition, not its future potential.
5. What is the neighbourhood like?
Kirkfield is an established, mature neighbourhood. The property rankings show that on its own street, homes are generally of a similar vintage, but many have been updated or expanded over time, as seen in their higher average living areas and assessed values.