Property Summary: 992 Kimberly Avenue, Valley Gardens, Winnipeg
Key Characteristics & Appeal
This 1975-built home on Kimberly Avenue presents a compelling mix of value and established character. With 980 sqft of living space and a 5,700 sqft lot, its size is typical for its immediate street but sits below the wider neighborhood and city averages. The true standout is its assessed value of $361k, which ranks significantly above average for both the street (Top 9%) and the Valley Gardens neighborhood (Top 29%). This suggests the property is perceived to offer strong value relative to its local market, potentially due to factors like its condition, updates, or specific lot advantages not captured in raw square footage.
The appeal lies in its position as a solid, value-oriented home in an established area. It suits practical buyers looking for a foothold in a mature neighborhood without a premium price tag, and who may prioritize lot size or location over sheer interior space. It’s a property that outperforms its direct peers in financial appraisal, indicating a wise investment for the area. A thoughtful perspective is that while the living area is modest, its above-average valuation on a street of similar homes hints at underlying qualities—perhaps excellent upkeep, desirable layout, or a prime spot on the block—that a viewing would reveal.
Frequently Asked Questions
1. Is the house smaller than average?
Yes. At 980 sqft, the living area is below the averages for both the broader Valley Gardens neighborhood (1,117 sqft) and the city of Winnipeg (1,342 sqft). However, it is much closer to the average for homes specifically on Kimberly Avenue (1,042 sqft).
2. Why is the assessed value so high compared to the street average?
The home’s assessed value of $361k ranks in the top 9% on Kimberly Avenue, where the average is $303k. This suggests assessors have attributed higher value based on specific factors, which could include recent improvements, superior condition, or favorable lot characteristics compared to its immediate neighbors.
3. What does the "Year Built" ranking mean?
Built in 1975, this home is newer than most on its street (ranking Top 10%, where the street average is 1958). This is a relative advantage, indicating potentially fewer age-related concerns than many neighboring houses.
4. How does the lot size compare?
At 5,700 sqft, the lot is slightly larger than the averages for both Kimberly Avenue and the Valley Gardens neighborhood. It offers a typical outdoor space for the area.
5. Who is this home best suited for?
This property is ideal for value-conscious buyers seeking an established neighborhood. It suits those comfortable with a cozier interior footprint who appreciate a larger lot and the financial advantage of owning a home assessed well above its local peer average. It may also appeal to investors or buyers looking for a property with strong foundational value in a mature community.