Property Overview: 14 Camelot Court, Winnipeg

Key Characteristics & Appeal

This is a compact, one-storey home built in 1968, situated on a quiet court in the Kildare-Redonda neighbourhood. With 816 sqft of living space, it is notably smaller than most homes in the immediate area, city-wide, and even on its own street, placing it in the bottom 10% for size locally. This characteristic defines its appeal: it’s a manageable, low-maintenance property. The basement has been renovated, adding functional space, and the home includes a detached garage.

Its primary draw is its position as an affordable entry point into the Winnipeg market. With an assessed value of $310,000—positioning it around the city-wide average—it offers value for buyers who prioritize location and lot ownership over square footage. The appeal lies in its simplicity and potential for a first-time homebuyer, downsizer, or investor. It suits someone comfortable with a cozy layout who wants to avoid the upkeep of a larger property, or an investor looking for a stable rental in an established neighbourhood. A thoughtful perspective is that its smaller size and below-average land area (4,999 sqft) translate to lower utility costs and less yard work, offering a practical, efficient lifestyle rather than a sprawling one.

Frequently Asked Questions

1. Is the price fair for a home of this size?
While the living area is below average, the assessed value is aligned with city-wide norms. You are paying primarily for location, land ownership, and the renovated basement in an established neighbourhood, rather than per square foot of above-ground space.

2. What are the main compromises with this property?
The most significant compromise is interior space; storage and room for large gatherings may be limited. The lot is also smaller than many on the street. It’s ideal for those who live simply or spend little time at home.

3. Who would this property NOT suit well?
It may not suit growing families needing multiple bedrooms, people who regularly work from home and need dedicated office space, or buyers who prioritize having ample room for hobbies or entertainment indoors.

4. The data shows it sold in late 2023. What does that mean?
The home was purchased recently (Oct 2023, for approximately $305k-$335k), indicating the current market activity. This recent sale provides a solid, modern benchmark for its value, but it also means the seller’s motivation and any recent changes made by the short-term owner would be key to understand.

5. How does it compare to its immediate neighbours?
On Camelot Court, this home ranks in the lower tier for both living area and land size. However, its assessed value is more in line with the street average. This suggests you’re buying into the same location as larger homes on the street, but at a price point reflective of its more modest proportions.