Property Overview: 687 Kildare Avenue E, Winnipeg

Section 1: Key Characteristics & Appeal

This is a well-maintained, one-storey home built in 1966, situated on a standard-sized lot in the Kildare-Redonda neighborhood. Its key features include a renovated basement and a detached garage. The home’s primary appeal lies in its strong position within its immediate area. While its living space (1,014 sq ft) is typical for the street and neighborhood, its assessed value ranks notably above average locally—in the top 20% on its street and top 15% in Kildare-Redonda. This suggests it is perceived as a solid, value-holding property within its community context, even though it presents as a more modest option citywide.

The property would suit practical, value-conscious buyers such as first-time homeowners or downsizers looking for a manageable, single-level layout in an established neighborhood. It’s a home for someone who prioritizes a renovated basement for extra space and a stable investment profile in a specific local market over having a larger or newer home by city standards. A thoughtful perspective is that this property represents a "neighborhood anchor"—it may not be the largest or flashiest, but its above-average assessed value for the area indicates a history of care and a foundation of desirability on its block.

Section 2: Frequently Asked Questions

1. What does "above average assessed value for the area" actually mean?
It means the city’s tax assessment for this home is higher than most comparable properties on its street and in Kildare-Redonda. This often reflects updates, condition, or lot desirability, and can indicate good relative value retention, though property taxes will be based on this assessment.

2. Is the living space sufficient for a small family?
At just over 1,000 square feet plus a renovated basement, the main floor living area is compact. It would work best for a small or young family, with the basement providing crucial flexible space for a playroom, office, or additional bedroom.

3. What are the implications of the home being built in 1966?
As a home from the mid-1960s, major components like the roof, windows, plumbing, and electrical systems are likely to have been replaced or will need attention. A thorough inspection is key to understand the current state of these aging elements.

4. How does the detached garage affect winter use?
A detached garage is common for homes of this era. It provides secure storage and parking but requires going outside in winter weather. For some buyers, this is a minor inconvenience; for others, it’s a significant factor compared to an attached garage.

5. The last sold price range (2021) is lower than the current city-wide average assessed value. Why?
The sold price from 2021 reflects the market conditions at that time. The current higher city-wide assessment average doesn't directly set this home's market price but shows general market movement. The home's true market value will be determined by current buyer demand, its condition, and recent local sales.