Property Overview: 516 Kirkfield Street
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1956, featuring 780 square feet of living space and a detached garage. Its most defining characteristic is its exceptionally low assessed value, which is the lowest on its street and well below averages for both the Kirkfield neighbourhood and Winnipeg overall. The lot size is a moderate 5,745 square feet, offering decent outdoor space relative to the home's footprint.
The primary appeal lies in its position as a true entry-point property. It represents one of the most accessible homeownership opportunities in the city, suited for a very specific buyer. This home would ideally suit a minimalist, a hands-on first-time buyer with a tight budget, or an investor looking for a straightforward rental property. Its low operating costs and taxes are a significant advantage. A less obvious perspective is its potential as a "blank slate" for someone with renovation skills; the modest scale makes updates or a future expansion more financially manageable than with a larger home. However, it requires a buyer comfortable with a well-below-average living area and the trade-offs that come with a home of this vintage and size.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than other homes?
The assessed value reflects the home's smaller size (780 sq ft), age, and likely its condition and features relative to the market. It is consistently ranked in the lowest percentiles for value compared to homes on its street, in Kirkfield, and across Winnipeg.
2. Who would this property be best for?
It's best suited for a budget-conscious, first-time buyer ready for a modest starter home, an investor seeking a low-cost rental, or a buyer with renovation plans who values low initial cost and property taxes above move-in-ready condition.
3. How does the living space compare to typical homes?
The living area is significantly smaller than average. It ranks in the bottom 4% of homes on its street (55th out of 57) and is about 40% smaller than the typical Kirkfield home.
4. What is the land like, and could the property be expanded?
The lot is a reasonable 5,745 sq ft, which is slightly below average for the neighbourhood but fairly typical city-wide. The decent lot size, combined with the small existing structure, could allow for a future addition or redevelopment, subject to zoning and permit approvals.
5. Where can I find the exact historical sale price?
The listed sale price is a public data range. The exact sale price from the last transaction is available by request via email from the listing source, which provides the accurate figure manually without using your email for unsolicited marketing.