Key Characteristics & Buyer Profile

This is a compact single-family home on Larche Crescent in Winnipeg’s Kildare-Redonda area, built in 1972. At 720 square feet of living space, it’s notably smaller than the average home on the street (859 sqft), in the neighbourhood (966 sqft), and across the city (1,342 sqft). The land is also undersized at 3,619 sqft, putting it in the bottom 15% locally.

The appeal here is straightforward: it’s an entry-level price point in a mature neighbourhood. The assessed value of $237,000 is low relative to surrounding properties, which may reflect the smaller footprint rather than poor condition. For a first-time buyer or someone looking to downsize significantly, this avoids paying for space they don’t need. The 1972 construction date is actually above average for the immediate area—many nearby homes are older—so the structure may have more modern bones than neighbours assume.

That said, the rankings suggest this is one of the most modest homes in its vicinity. Buyers should be comfortable with a property that stands out for its size rather than blending in. It suits someone who prioritizes location and low maintenance over square footage, and who isn’t looking to host large gatherings or expand a family within these walls. Investors might also find it interesting as a lower-cost entry into the Kildare-Redonda market, but the small lot limits redevelopment potential.

FAQs

1. Why is the assessed value so low compared to the neighbourhood average?
The assessed value primarily reflects the smaller living area and lot size. While the home’s age is average for the street, it has less square footage than most nearby properties, which directly pulls down the valuation. It doesn’t necessarily mean the home is in poor condition—just that it offers less physical space.

2. Is 720 square feet too small for a family?
That depends on lifestyle. For a couple or a single person, it’s perfectly functional. For a family with children, you’d need to be comfortable with shared or multi-purpose rooms and minimal storage. There’s no indication of basement development, so usable space is likely limited to the main floor.

3. How does the land size affect future resale or renovations?
A 3,619 sqft lot is below average for the area, which may limit options for adding an extension or garage. Buyers looking to expand should check local zoning setbacks carefully. For someone content with the existing footprint, the smaller yard means less upkeep—a practical trade-off.

4. What does “Top 8%” for year built in the area actually mean?
It means this home is newer than 92% of properties in Kildare-Redonda. Many homes in this neighbourhood were built in the 1950s and 60s, so a 1972 build is relatively late. This could mean better insulation, wiring, or foundation standards, though it’s still 50+ years old and worth inspecting.

5. Should I be worried about the home being in the bottom 5% citywide for size?
Not necessarily—it depends on your priorities. Being in the bottom 5% for living area citywide simply confirms this is a deliberately small home. The upside is lower purchase price, reduced utility costs, and less cleaning. The downside is limited space for guests or storage. It’s not a red flag; it’s a design choice from the era.