Property Overview

This one-storey home at 550 Kildare Avenue E is a classic Winnipeg bungalow that offers solid value through its generous lot and functional layout. Built in 1958, the 1,037 sqft living space is comfortably average for the area, but the property’s standout feature is its 6,663 sqft lot, which ranks in the top 7% on its street. This provides a rare amount of outdoor space for the neighbourhood. The home includes a renovated basement and a detached garage.

Its appeal lies in its established, quiet location within Kildare-Redonda and the significant potential offered by the large, private yard. It suits first-time buyers looking for a manageable home with room to grow, downsizers seeking a single-level layout without sacrificing garden space, or value-oriented investors attracted by the below-average assessed value and the opportunity to add value over time. A thoughtful perspective is that while the home itself is modest, the land represents a long-term asset in a city where larger lots are becoming scarce, offering future possibilities for expansion, gardening, or simply enjoying ample private space.

Frequently Asked Questions

1. How does the home’s size compare to others?
At 1,037 sqft, the living area is very close to the average for both the immediate street and the wider Kildare-Redonda area, offering a typical footprint for a bungalow of this era.

2. What is the significance of the assessed value?
The assessed value of $31,700k is around the neighbourhood average. It’s important to note that this is for taxation purposes and typically differs from market value, but it can indicate a property that is not overburdened with high property taxes relative to similar homes.

3. Is the large lot size unusual?
Yes. The lot is a key feature, significantly larger than most on the street (top 7%) and in the wider area. This is a considerable advantage for privacy, recreation, or future projects.

4. What does a "renovated basement" include?
The listing confirms the basement is renovated, but the specific scope and quality of finishes are not detailed. This would be a key point for a home inspection and discussion with the seller to understand the work done.

5. Where can I find the exact historical sale price?
The exact sold price from the December 2021 transaction is not publicly displayed in the data. You can request it directly via the provided email service on the listing page to get the precise figure.