Property Overview

35 Cranbrook Bay is a well-maintained, one-storey home built in 1961, located in Winnipeg's Kildare-Redonda neighbourhood. With 955 square feet of living space and a renovated basement, it sits on a 5,201 sqft lot. The home lacks a garage or pool. Its current assessed value is $300,000, which positions it below average for its immediate street and wider area, suggesting potential value in a mature community.

Key Characteristics & Appeal

This home’s primary appeal lies in its balance of modest size, recent updates, and its position in a stable, established neighbourhood. The renovated basement adds functional living space, making the total usable area more generous than the main floor square footage suggests. While the living area is average for Kildare-Redonda, the property's assessed value is notably below averages for the street, neighbourhood, and city, which could indicate an opportunity for a buyer seeking entry into the area.

It would suit a first-time homebuyer, a downsizer, or an investor looking for a solid, no-fuss property in a convenient location. The one-storey layout is ideal for those seeking accessibility. A thoughtful perspective is that this home represents the "bones" of a neighbourhood—a property that isn't the largest or most expensive on the block, but which offers a chance to own a low-maintenance home in a community where property values are generally higher, providing a measure of long-term stability.

Frequently Asked Questions

1. Is the price fair compared to recent sales?
Based on available data, the home last sold in 2016 for an estimated $20,500–$23,500. The current $300,000 assessment is below average for comparable homes on its street and in Winnipeg, suggesting the asking price may reflect a value position.

2. What is the neighbourhood like?
Kildare-Redonda is an established, mature neighbourhood. The home on Cranbrook Bay is surrounded by similar vintage properties, offering a quiet, residential setting.

3. How does the lot size compare?
At just over 5,200 sqft, the lot is smaller than most on Cranbrook Bay but is average for the Kildare-Redonda neighbourhood overall. It provides a manageable yard space.

4. What should I know about the home’s condition?
The listing confirms a renovated basement, which is a positive update. As a home built in 1961, a prospective buyer should consider a standard inspection to review the condition of major systems like roof, plumbing, and wiring.

5. Why is the assessed value below average?
The assessed value is below average for the street, area, and city. This can be influenced by the home's smaller size and lot for the street, and older features. It doesn't necessarily reflect condition, but rather its market position relative to peers.