Property Overview: 114 Allenby Crescent, Winnipeg

Key Characteristics, Appeal & Ideal Buyer

This bi-level home at 114 Allenby Crescent in Kildare-Redonda is a compact, efficiently sized property built in 1971. With 720 sqft of living space, it is notably smaller than most homes in its immediate area, neighbourhood, and city-wide, placing it in the top 5-10% for compactness. However, it sits on a reasonably sized lot of just over 5,000 sqft, which is fairly typical for the area. The home features a renovated basement and a detached garage. Its assessed value is consistently around the average mark for its street and wider community, suggesting it is viewed as a standard, no-frills property within its market context.

The primary appeal lies in its affordability and manageability. It represents a lower barrier to entry for homeownership in Winnipeg, ideal for first-time buyers, downsizers, or investors seeking a straightforward rental property. The renovated basement adds functional living space, and the decent lot size offers potential for outdoor enjoyment or future expansion, subject to approvals. A thoughtful perspective is that its smaller size translates to lower utility costs and less maintenance, appealing to those seeking a simplified, cost-conscious lifestyle. It suits a practical buyer who values financial efficiency over square footage and sees the lot as a valuable asset.

Frequently Asked Questions

1. How does the home's small size impact its value and livability?
While the living area is significantly below average, this is reflected in its accessible price point. It requires efficient use of space but offers lower ongoing heating and maintenance costs. The renovated basement effectively expands the usable area.

2. What does the "around average" assessed value indicate?
It suggests the property is not considered unique or distressed but is a standard fixture in the local market. For a buyer, this means it's unlikely to have unexpected premium costs or hidden value discounts purely based on its official assessment.

3. Is the lot size a positive feature?
Yes. At over 5,000 sqft, the lot is proportional to the neighbourhood and provides a good outdoor space for a home of this size. It is a key asset, offering privacy, room for gardening, or future projects like a shed or deck.

4. The home last sold in late 2022. What does that recent sale history suggest?
It indicates a relatively recent market evaluation, providing a useful, modern price benchmark. The sale range from that period can help inform current pricing expectations in a stable market.

5. Who would this property not suit as well?
It may not suit growing families needing multiple bedrooms or dedicated workspaces, or buyers who prioritize spacious, open-concept interiors. Those seeking a premium "move-in ready" finish throughout may also find the compact, utilitarian layout less appealing.