Property Overview: 115 Minikada Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in Kildare-Redonda presents a compelling mix of value and potential. Its key characteristic is a recently renovated basement, adding modern living space to a 1963-built structure. With 944 sqft of living area, the house itself is modest and slightly below average in size for the immediate street, but it sits on a near-5,000 sqft lot, offering valuable outdoor space in the city.

The primary appeal lies in its financial positioning. With an assessed value of $340,000, it ranks well above average for its street and neighborhood, suggesting it is viewed as a solid asset in its locale. This creates an interesting dynamic: you’re acquiring a property with a strong assessed value foundation, but the main living area offers a chance to personalize or expand. It suits practical buyers looking for a home with a move-in-ready lower level, value-conscious investors attracted by its favorable assessment metrics, or those who prioritize land size over a large existing footprint and see long-term potential.

A less obvious perspective is its fit for multi-generational living or a work-from-home household, where the renovated basement can serve as a distinct, separate suite or office. It’s a property that balances the established character of a 60s home with the updated utility of a modern renovation where it often counts most.

Section 2: Frequently Asked Questions

1. How does the assessed value compare to recent sale prices?
The home was last sold in May 2020 for an estimated $26.50k-$29.50k. The current $340k assessment is significantly higher, reflecting market-wide value increases and the basement renovation. It’s important to get an exact sale price history and a current market evaluation to understand today’s value.

2. Is the lot size a pro or a con?
At 4,997 sqft, the lot is smaller than most on Minikada Bay but is average for the wider Kildare-Redonda area. It offers decent outdoor space for a city home but may not suit those seeking an exceptionally large yard.

3. What does "below average" living area mean for daily life?
With 944 sqft (plus the renovated basement), the above-ground space is efficient. It would suit individuals, couples, or small families comfortably. The ranking indicates it’s a cozier layout compared to some neighbors, emphasizing the importance of the basement as additional living area.

4. What is the significance of the detached garage?
A detached garage provides secure storage and parking but means dealing with snow and weather when going between your car and house. It’s a typical feature for homes of this era and may offer potential for a workshop or additional storage space.

5. How can I get the exact historical sale price?
The exact sold price is not publicly listed in detail. You can request it directly via the "Get exact sold price history" feature on the listing page by providing your email. The service promises a manual reply with accurate data, typically by the end of the same business day.