Property Overview: 447 Widlake Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in Kildare-Redonda presents a solid, grounded opportunity in the Winnipeg market. Its key characteristics are defined by consistency. With 1,040 sqft of living space, a renovated basement, a detached garage, and a 5,400 sqft lot, it sits comfortably around or above average for its immediate neighbourhood in most metrics. Built in 1963, it is actually among the newer homes on its own street. The assessed value of $330,000 aligns with this theme of being squarely within the established local range.

The appeal lies in its position as a known quantity in a mature neighbourhood. It’s not an outlier in size, value, or lot, which can signal stability and reduce surprise compared to more unique properties. The renovated basement adds functional living space, a significant plus for a bungalow. A less obvious perspective is that its "average" rankings city-wide can be an advantage for resale, appealing to the broadest segment of buyers looking for a straightforward home without premium or discount extremes.

This property would suit practical buyers—first-time homeowners, small families, or downsizers—seeking a move-in-ready bungalow with low-maintenance yard space in a settled community. It’s for someone who values neighbourhood character and space over a brand-new build, and who appreciates that the renovation work on the basement is already completed.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to recent sales on the street?
Based on available data, the home sold in May 2024 for between $305,000 and $335,000. Its current assessed value of $330,000 is consistent with that sale price and is ranked around average for the street, indicating it is priced in line with the local market.

2. Is the lot size typical for the area?
Yes. The 5,400 sqft lot is slightly above the average for the Kildare-Redonda neighbourhood, offering a bit more outdoor space than many nearby properties, while still being a manageable size.

3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. This is a key question for a viewing, to understand the finish quality, room layouts, and whether it includes a legal suite or additional bedrooms.

4. As a 1960s bungalow, what should I anticipate for maintenance?
While the home is among the newer on its block, a house from this era may have original components, like the roof, windows, or major systems, nearing the end of their lifespan. A thorough inspection is recommended to budget for any upcoming updates.

5. How does the living space compare to newer bungalows?
At 1,040 sqft above grade, it is slightly above the neighbourhood average but below the current city-wide average for homes. This means the living area is generous for the immediate area, but the renovated basement is crucial for providing additional functional space that modern buyers often expect.