Property Overview & Key Characteristics
This two-storey home on Kairistine Lane presents a practical opportunity in Winnipeg's Tyndall Park neighbourhood. Built in 1980, its key feature is a renovated basement, adding valuable finished space to the 1,054 sqft living area. The lot is a significant asset, with a land area of 2,316 sqft ranking in the top 2% for size within the neighbourhood, offering ample outdoor potential.
Its appeal lies in this combination of updated interior space and a larger-than-average lot for the area. The home suits first-time buyers or practical investors looking for a solid, move-in-ready base with a desirable yard. It also represents a sensible option for those prioritizing lot size and some modern updates over a newer build or premium finishes. A thoughtful perspective is that while the home itself is of average size for the street, its superior lot ranking suggests a better outdoor living proposition than many direct neighbours, which isn't always apparent from photos alone.
Frequently Asked Questions
1. What does "renovated basement" specifically include?
The listing confirms the basement is renovated but does not detail the scope. Viewing the property or requesting specifics from the listing agent is essential to understand the finish quality, room layouts, and whether it includes a legal secondary suite or additional bedrooms.
2. How does the lack of a garage affect parking and storage?
The property has no garage. Buyers should assess the driveway capacity and on-street parking availability during a visit. The renovated basement can offset some storage needs, but planning for vehicle storage, especially in winter, will be important.
3. The assessed value seems low compared to recent sale prices in the area. Why?
The home's assessed value is $29.5k, but it sold for $253k in late 2020. This large discrepancy is normal; municipal assessed values in Manitoba are typically much lower than market value and are used for tax purposes, not for determining sale price.
4. How does the age of the home (46 years) factor into maintenance?
While the basement has been updated, major original systems like the roof, windows, and plumbing are at an age where inspection is prudent. A pre-purchase home inspection is highly recommended to budget for any upcoming maintenance typical of a home from this era.
5. The lot ranks very high, but the living area is average. What does this mean for me?
This indicates the property's potential may be more in its land than its current footprint. It could be an excellent fit for someone who values a spacious, private yard for gardening, recreation, or future projects like a shed or deck. It's a trade-off favouring outdoor space over a larger interior.