Property Overview: 765 Kildare Avenue E, Winnipeg

Key Characteristics & Appeal

This 3-level split home, built in 1979, presents a compelling opportunity defined by its generous proportions and established setting. Its primary appeal lies in a combination of significant space and a renovated basement, all situated on an exceptionally large lot. At 6,998 sqft, the property's land area is in the top 1% for its immediate street and top 9% for the Canterbury Park neighbourhood, offering rare potential for gardening, expansion, or simply ample private outdoor space.

The 1,520 sqft of living area is notably spacious compared to other homes on Kildare Avenue, ranking in the top 3%. This is paired with the value-add of a finished basement. While the home's assessed value is strong for its street, its last sale price was below area averages, suggesting a potential value proposition for a buyer willing to invest in updates to the main living areas. This property would suit a practical buyer—perhaps a growing family, a multi-generational household, or a hands-on individual—who prioritizes lot size and interior space over a modern, turn-key finish. It’s a home that offers a solid foundation and the canvas to create value over time.

Frequently Asked Questions

1. What does "renovated basement" typically mean in a home of this era?
In a 1979 split-level, this usually indicates finished living space, possibly with updated flooring, drywall, and lighting. It's wise to confirm the scope, permits, and the condition of foundational elements like insulation and moisture proofing.

2. The lot size is a major feature. Are there any restrictions on how it can be used?
While offering excellent potential, always verify zoning bylaws with the city regarding future plans like additions, sheds, or pool installation to ensure the lot's potential aligns with your vision.

3. How does the lack of a garage impact daily life and value here?
This is a key consideration for our climate. The large lot provides room to add a garage, but that is a significant future expense. Buyers should budget for alternative parking and vehicle warming solutions, especially in winter.

4. The home last sold in 2020 for well below the current assessed value. What does that indicate?
This can signal a previous estate sale, urgent transaction, or a home in need of significant work at that time. It underscores the importance of a thorough inspection to understand the home's current condition and any investments made since.

5. The year built is noted as "below average" for Canterbury Park. Should I be concerned?
Not necessarily. It simply means many homes in this specific neighbourhood are newer. A 1979 home is still relatively modern in the broader Winnipeg context. The focus should be on the specific maintenance and updates this property has received over the last 47 years.