Property Overview: 123 Redonda Street, Winnipeg

Key Characteristics & Appeal

This 2006-built bi-level home at 123 Redonda Street presents a practical and modern opportunity within Winnipeg’s Kildare-Redonda neighbourhood. Its primary appeal lies in its relative newness; built just 20 years ago, it is a significantly newer construction than most homes in the immediate area and across the city, which often date back to the 1960s. This suggests updated building systems and potentially lower immediate maintenance needs.

The home features 804 sqft of living space with a renovated basement, offering functional living on a modest 3,578 sqft lot. While the living space and lot size are below average for its street and the city, this translates to a more manageable property with less upkeep. The assessed value is positioned around the city-wide average, indicating a stable, mid-range investment. A key, less obvious perspective is that this property offers modern convenience in an established neighbourhood without the premium often attached to brand-new builds. It would suit first-time buyers seeking a move-in-ready home without the surprises of an older property, downsizers looking for minimal yard work, or practical investors wanting a contemporary rental with likely fewer repair issues.

Frequently Asked Questions

1. Is the living space too small?
At 804 sqft, the home is compact but efficiently designed as a bi-level with a renovated basement. It’s ideal for individuals, couples, or small families who prioritize low-maintenance living over expansive square footage.

2. How does the 2006 build year affect value?
Being built in 2006 is a standout feature, as it places the home among the newest in the entire Kildare-Redonda neighbourhood. This modern build can mean more contemporary construction standards, energy efficiency, and deferred major repairs compared to the area’s older housing stock.

3. What does the below-average lot size mean for me?
The 3,578 sqft lot requires less time and cost for landscaping and yard maintenance. It’s a benefit for those who see a large yard as a chore rather than an asset, though it offers less private outdoor space than many neighbouring properties.

4. The last sold price range shows $29.5k-$32.5k in 2021. Why is the assessed value $32.70k?
The assessed value is the city’s estimate for taxation purposes, calculated using mass appraisal techniques and specific valuation dates. The actual market value can differ based on current condition, market trends, and specific buyer demand. The 2021 sale price provides a historical data point, but not a guaranteed current value.

5. There’s no garage. Is street parking a problem here?
The listing notes no garage. Parking feasibility depends on neighbourhood street patterns and bylaws. Prospective buyers should visit at different times to assess on-street parking availability directly.