Property Overview: 423 Redonda Street, Winnipeg

Key Characteristics & Appeal

This one-storey home on Redonda Street presents a practical and value-oriented opportunity in the Kildare-Redonda area. Its key characteristic is balance: with 988 sqft of living space, it sits around the average for its immediate street and neighbourhood, offering a comfortable footprint for a smaller household or first-time buyer. A notable strength is its generous 5,828 sqft lot, which is above average for the area, providing valuable outdoor space and potential. The home benefits from a renovated basement and a detached garage.

The appeal lies in its established neighbourhood setting and its strong positional value within Kildare-Redonda. While its size is modest citywide, its assessed value ranks in the top 7% for the neighbourhood, suggesting it is viewed as a solid asset in this specific community. Built in 1975, it is a newer home compared to many in the area, which may appeal to those seeking a property with potentially fewer major age-related concerns than much older stock.

This property would best suit a buyer looking for an affordable entry into homeownership, a downsizer seeking a manageable single-level layout with a good-sized yard, or an investor attracted by the neighbourhood's stable valuation metrics. It’s a home for those who prioritize land space and location over expansive interior square footage.

Frequently Asked Questions

1. What does the assessed value ranking actually mean for me?
While the home’s assessed value is around the citywide average, ranking in the top 7% within Kildare-Redonda indicates it is considered a higher-value property for this specific neighbourhood. This can be a positive sign of the property's standing on its street and may relate to factors like its lot size, condition, or recent improvements.

2. Is the living space sufficient for a family?
At 988 sqft, the living area is functional but compact. It would comfortably suit a couple, a single individual, or a small family. The renovated basement offers crucial additional flexible space, which is a key factor for making the overall layout work for various needs.

3. How does the lot size compare, and what are the advantages?
The lot is a significant feature, ranking above average for both the street and the neighbourhood. This means more private outdoor space, room for gardening, play, or entertaining, and potentially more flexibility for future additions or landscaping projects than many nearby properties offer.

4. The home sold in 2020. What can that price history tell me?
The previous sale price provides a recent market benchmark, but it should be considered in the context of today’s market conditions. It’s a useful data point for understanding the property’s trajectory and for comparative analysis with similar homes sold more recently.

5. What are the potential considerations with a 1975-built home?
While newer than many area homes, a house of this age will have components nearing the end of their service life. A thorough inspection is advised to assess the condition of major systems like the roof, windows, plumbing, and electrical, which may be original or subject to past upgrades.