Property Summary

Key Characteristics & Buyer Profile

This is a 1,084-square-foot home built in 1963, sitting on a 6,439-square-foot lot. The living area is above average for both its street and neighbourhood, though slightly below the citywide median. The tax-assessed value sits around $322,000—close to the neighbourhood average but below the citywide figure. The lot size stands out: it’s in the top 8% of the area and top 23% citywide.

The appeal here is space—both indoors and out—relative to price. The home offers more square footage than many nearby properties, and the land gives room for expansion, gardening, or simply breathing room in a denser urban setting. The assessed value suggests it isn’t overpriced compared to area benchmarks, which could signal decent value for buyers willing to update or live with an older build.

This property suits buyers who prioritize lot size and indoor square footage over modern finishes or a central location. It would work well for a first-time buyer looking for a solid foundation with land, or for someone interested in a renovation project where sweat equity could increase value. It’s less suited to those wanting a turnkey home or a location with higher walkability scores.

Five Possible FAQs

1. How does the assessed value compare to the actual market price?
Assessed value is a tax estimate, not a market valuation. At $322,000, it’s roughly average for the immediate area but below citywide median. In a hot market, homes often sell above assessed value; in a cooler one, below. Check recent sales on Colonial Court for a clearer picture.

2. What’s the condition of a 1963 home?
Year built doesn’t tell the full story. A 1963 home can be solidly built (often with old-growth lumber) but may have outdated electrical, plumbing, or insulation. Without an inspection, assume systems are original or nearing end-of-life. The lot size gives room for additions, but zoning rules and foundation condition matter.

3. Is the neighbourhood walkable or family-friendly?
This is in Kildare-Redonda, a residential area with modest amenities. It’s not a downtown hub. The large lot and above-average living area suggest it’s a car-dependent, family-oriented pocket. Check distances to schools, parks, and grocery stores if those are priorities.

4. What do the rankings on lot size and living area actually mean?
The rankings compare this property to others in the same street, area, and city. A top-8% lot size in the area means most nearby homes sit on smaller parcels. A bottom-38% living area citywide means many Winnipeg homes are larger, but for this neighbourhood, 1,084 sqft is above average. Think of it as a solid size for the immediate location, not oversized overall.

5. Would this home be a good investment?
Value depends on what you’re aiming for. The land is the strongest asset—larger lots in older neighbourhoods often appreciate as infill development becomes more common. The home itself may need work, so the investment angle works better if you can buy below market, add value through renovations, or hold long-term. It’s less likely to be a quick flip unless the location sees a surge in demand.