Property Overview: 1049 Kildare Avenue E, Canterbury Park, Winnipeg

Key Characteristics & Appeal

This is a modest, two-storey home built in 1976, presenting a straightforward opportunity in Winnipeg’s Canterbury Park neighbourhood. Its primary appeal lies in its affordability and efficient use of space. With a living area of 1,080 sq ft, the home offers above-average interior space for its immediate street and is supported by a renovated basement, adding functional square footage. The very low assessed value and historically below-average sale price point to a property with a lower financial barrier to entry, which is its most defining characteristic.

The home would suit first-time buyers or pragmatic investors seeking a functional starter property with renovation potential, particularly those who prioritize location within the city over lot size. A thoughtful perspective is that while the land parcel is significantly smaller than area averages, this can translate to lower maintenance costs and less yard work—a potential benefit for those seeking simplicity. Its age places it in a cohort of homes where major systems may be due for updates, appealing to buyers interested in personalizing their investment over time.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on a combination of factors including the home's age, the relatively small lot size, and its specific market area. It reflects the property's value for municipal tax purposes, not necessarily its current market sale price.

2. What does having a "renovated basement" typically mean for a home of this age?
While the basement is noted as renovated, specifics on the scope, quality, and permits should be verified. In a 1976 home, this often means updated finishes and livable space, but underlying foundational or moisture protection systems from the original build may still be in place.

3. The lot size is noted as being in the bottom percentile. How might this affect me?
The yard space is limited compared to neighbours. This reduces outdoor maintenance but also limits expansion possibilities like large additions or pools. It often means homes are closer together, offering less privacy but potentially fostering a closer-knit street atmosphere.

4. How does the living area compare practically to nearby homes?
At 1,080 sq ft, the main floors are actually more spacious than many direct comparables on the same street. This suggests a efficient, potentially open layout for its era, making it feel larger inside than the exterior or lot size might imply.

5. The home last sold in 2017. What should I consider?
Since its last sale seven years ago, any improvements made would be relatively recent. It’s important to find out what work was done during that ownership period and to have systems like the roof, furnace, and windows evaluated for their remaining lifespan.