Property Overview

This 1966 bi-level home at 130 St Martin Boulevard presents a solid, value-oriented opportunity in Winnipeg's Kildare-Redonda neighbourhood. Its primary appeal lies in a desirable combination of above-average lot size and a recently renovated basement within a competitively priced package. At 1,040 sqft of living space, the home is functionally sized rather than expansive, but it sits on a generous 5,828 sqft lot, offering more outdoor space than most in the immediate area. The detached garage adds practical storage or workshop potential.

The home’s assessed value of $360k places it in the top 10% for its street, suggesting it is perceived as a higher-quality asset within its micro-market compared to the broader city. This points to a property that holds its own in a well-regarded local context. It would suit first-time buyers seeking a move-in-ready home with a low-maintenance footprint, or practical investors looking for a stable rental property in an established area. The renovated basement adds immediate livable space, appealing to those who want extra room for a family, home office, or guests without a major project.

Frequently Asked Questions

How does the property’s value compare to recent sales?
The home last sold in September 2020 for an estimated $275k-$305k. Its current $360k assessment indicates significant appreciation, aligning it with the top tier of homes on St Martin Boulevard. Buyers should investigate recent comparable sales to understand the current market valuation.

What does the "above average" ranking for the neighbourhood actually mean?
The data shows the home ranks in the top 27% for living area and top 9% for assessed value within Kildare-Redonda. This means it stands out positively against most direct neighbours in terms of perceived worth and usable space, though its size is closer to the citywide average.

Is the 1966 build year a concern?
The year is typical for the area. While the core structure is nearly 60 years old, the key detail is the renovated basement, which suggests some major systems or finishes have been updated. A thorough inspection is always recommended to understand the condition of the roof, foundation, plumbing, and electrical.

How usable is the large lot?
At nearly 6,000 sqft, the lot is a standout feature for the street. This offers tangible potential for gardening, expanding the home (subject to zoning), adding a deck or patio, or simply enjoying more private outdoor space than is common in the area.

Why is the assessed value so high compared to the last sale price?
The jump from the 2020 sale price to the current assessment reflects the strong market appreciation over the past five years, as well as the value added by the basement renovation. Assessments are for taxation purposes and can differ from market value; however, its high rank on the street signals it is not an outlier.