Property Overview: 14 Walden Crescent, Winnipeg

Key Characteristics & Appeal

This is a modest, one-storey home built in 1963, situated on a well-sized 5,500 sqft lot in the Kildare-Redonda neighbourhood. With 1,040 sqft of living space and a renovated basement, it offers functional, no-frills accommodation. The home lacks a garage and pool, positioning it as a straightforward, practical property.

Its primary appeal lies in its value and potential. The assessed value is notably below average for its street and area, which could indicate an opportunity for a buyer comfortable with a home that may require updates. The lot size is above average for the neighbourhood, offering good outdoor space relative to many local properties. The renovated basement adds usable living area.

This home would suit a first-time buyer, an investor, or a downsizer looking for an affordable entry into a established neighbourhood without paying a premium for modern finishes or extra amenities. It’s for those who see utility in the space and are prepared to invest sweat equity or capital over time. A less obvious perspective is that its lower assessment, while often signaling needed work, can also translate to relatively lower property taxes, which is a lasting financial benefit.

Frequently Asked Questions

1. Why is the assessed value so much lower than nearby homes?
Assessed value is for municipal tax purposes and is influenced by factors like recent sales, home condition, and improvements. A value significantly below peers often suggests the assessor sees the property as requiring more updating compared to neighbours.

2. What does having a "renovated basement" typically mean in a home of this era?
In a 1963 home, this usually indicates finished living space, but buyers should verify the quality, permits, and moisture control. It adds valuable square footage but may have lower ceiling heights and smaller windows.

3. How does the lack of a garage affect daily living and value?
It means relying on street parking or adding a shed or carport. In this neighbourhood, many homes have driveways or garages, so its absence is a practical consideration, especially in winter, and can affect resale value compared to immediate neighbours.

4. The home last sold in 2020. What might have changed since then?
Market conditions have shifted, and the owners may have made further improvements not reflected in the assessment. It’s wise to find out why they are selling after a relatively short period to understand the home’s recent history.

5. Is the lot size a major advantage?
Yes. At 5,500 sqft, the lot is larger than many in Kildare-Redonda. This provides more private outdoor space, room for gardening, play, or future additions like a deck or storage shed, which is a valuable asset not easily changed.