Property Overview: 413 Keenleyside Street, Winnipeg
Key Characteristics & Appeal
This 1,056 sqft bungalow, built in 1970, presents a distinct value proposition in Winnipeg’s Munroe East neighborhood. Its key characteristic is a notable imbalance between its very low assessed value and its relatively modern build year. While the lot size is compact compared to neighbors, the home itself offers above-average living space for its immediate area. The primary appeal lies in its affordability and efficiency; it’s a budget-conscious entry into homeownership with a newer construction date than most on its street, potentially suggesting fewer immediate concerns with aging infrastructure. This property would suit first-time buyers or pragmatic investors seeking a lower-cost footprint. It’s less suited for those prioritizing a large yard or expecting premium finishes for the price. A thoughtful perspective is that its lower taxes, due to the assessment, could significantly offset the mortgage cost, changing the true monthly affordability picture.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value is significantly below averages for the street, area, and city. This typically reflects the property’s specific characteristics, such as its smaller lot size and potentially modest condition or features compared to neighbors. It’s a key factor in the home’s affordability.
2. What does the "newer" build year mean for me?
Built in 1970, this home is newer than 98% of homes on Keenleyside Street. In practical terms, this can mean updated building materials, electrical, and plumbing systems compared to much older stock, potentially reducing the need for near-term major updates.
3. Is the living space adequate for a family?
At just over 1,050 sqft, the living area is efficient. It is above the average for Munroe East, suggesting a practical layout for a small family or couple, but may feel compact for those needing multiple large bedrooms or dedicated living areas.
4. How does the small lot size impact the property?
The land area is in the bottom 10% for the neighborhood. This means minimal yard maintenance but also limited private outdoor space. It’s a trade-off that prioritizes the home itself and affordability over land.
5. Where can I see more detailed context about this specific location?
A dedicated neighborhood analysis page is available, showing this property on a map alongside nearby homes with detailed comparisons of year built, living area, assessed value, and lot size.