Property Overview: 530 Kildare Avenue E, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home on Kildare Avenue E presents a compelling mix of modest living space and significant land value. Its primary appeal lies in its exceptionally large lot—over 7,000 square feet—which ranks in the top 1% for the street and top 4% for the wider Kildare-Redonda area. This offers rare potential for expansion, gardening, or outdoor living in a city neighborhood. The home itself, built in 1958, is compact at 785 sq ft but features a renovated basement, adding functional space. It has a detached garage.

While the living area is below average for the area, the property’s assessed value is notably above average locally, suggesting the land itself is a major driver of its worth. This creates an interesting value proposition: you are investing significantly in the location and the lot, with the existing house offering a functional starting point.

This property would best suit a buyer who values long-term potential and outdoor space over immediate square footage. It’s ideal for someone with renovation or expansion plans, a first-time buyer looking to enter a stable neighborhood with future upside, or an investor who recognizes the inherent value in a large, urban lot. It’s less suited for those seeking a move-in-ready home with ample interior space.

Section 2: Frequently Asked Questions

1. Is the price driven more by the house or the land?
The data strongly indicates the land is the primary value driver. The assessed value ranks much higher than the living area, and the lot size is an elite feature for the neighborhood, suggesting the property is valued for its future potential as much as its current structure.

2. How does the renovated basement impact the living space?
While the main living area is 785 sq ft, the renovated basement adds functional, finished space. This effectively increases the usable area, making the home feel larger than the above-ground square footage suggests, though it remains a compact floor plan.

3. What are the implications of such a large lot?
Beyond simple outdoor space, a lot of this size (over 1/6 of an acre) is uncommon in the area. It provides privacy, room for additions like a garage suite or extension (subject to zoning), and significant flexibility that most neighboring properties do not offer.

4. The home sold in 2020. How has the market changed since then?
The sold price range from 2020 is a historical benchmark. Given the rise in property values city-wide since then, and this property’s above-average assessed value in its local area, its current market value would likely reflect broader market appreciation, particularly for desirable lots.

5. Is the detached garage a standard feature for the area?
The presence of a detached garage is a practical asset. In neighborhoods with older, one-storey homes, garage types vary, so having a dedicated detached structure provides secure storage and parking that not all comparable properties may include.