Property Overview: 423 Keenleyside Street, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of space, modernity, and value within its context. Built in 1970, it is notably newer than most homes on its street and in the wider Munroe East area, which may translate to fewer immediate concerns with aging infrastructure. With 1,320 sqft of living area, it offers significantly more interior space than the typical home in its immediate neighborhood and area, ranking in the top 5%. This makes it a spacious option for the locale.
The appeal here is nuanced. The property's assessed value is well below averages at every comparison level—street, area, and city-wide. This suggests a potentially lower property tax burden and an accessible entry point into a neighborhood. However, the land area is smaller than most comparables. This profile suits practical buyers who prioritize interior living space and modern construction over a large yard. It would be ideal for a first-time homebuyer, a small family, or an investor looking for a relatively newer rental property in a stable area. The data indicates you are paying primarily for a generous, newer house on a modest lot.
Frequently Asked Questions
1. Why is the assessed value so much lower than the averages shown?
Assessed value is for municipal tax purposes and is not market value. A low assessment often results in lower property taxes. The significant gap between this home's assessed value and recent sale prices of comparable properties suggests its market value is substantially higher.
2. The home is newer than most nearby, but what does that actually mean for a buyer?
A 1970 build date likely means systems like electrical and plumbing are more modern than those in older area homes (often from the early 1960s). It may also indicate a style and layout that feels more contemporary, but it does not preclude the need for a thorough inspection, as the home is still over 50 years old.
3. How significant is the smaller land area?
At 3,149 sqft, the lot is functional but not expansive. It means lower outdoor maintenance, which can be a benefit for many. However, it may limit possibilities for large additions, pools, or extensive landscaping compared to neighbors with larger lots.
4. The home last sold between $250k-$300k in 2021. What does that history tell me?
It provides a recent benchmark, but market conditions have likely changed since 2021. To understand current value, you must look at more recent sales of similar homes in the area, which this listing's data suggests have higher assessed values.
5. How do the rankings (e.g., "Top 5%") help me evaluate this property?
These rankings contextualize each feature against specific peer groups. For example, ranking in the "Top 5%" for living area on its street confirms it is genuinely one of the larger homes nearby. Conversely, a "Top 86%" rank for land area city-wide means the lot size is in the bottom 14% compared to homes across Winnipeg, highlighting its urban-lot character.