Property Overview: 815 Victoria Avenue E, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home on a mature lot in Kildare-Redonda presents a straightforward, value-oriented opportunity. Its key characteristic is its modest 825 sqft living area, which is notably compact compared to many area homes. This is balanced by a renovated basement, adding functional space, and a detached garage. The lot size is typical for the neighbourhood, offering standard outdoor space.

The primary appeal lies in its affordability and efficiency. With an assessed value that sits around the average for its area, it represents a lower barrier to entry into the Winnipeg market. It’s a home that prioritizes function over size, suited for buyers who see a smaller footprint as a feature, not a flaw. This property would be an excellent fit for first-time buyers, downsizers looking to simplify without sacrificing a full basement and garage, or practical investors seeking a manageable rental property. A less obvious perspective is that its 1964 build date is actually newer than many homes on its street, potentially suggesting slightly updated core systems compared to immediate neighbours. It’s a home for those comfortable with a cozy interior layout who value the potential of the renovated basement and the flexibility of a detached garage more than expansive main-floor square footage.

Section 2: Frequently Asked Questions

1. How does the living area size impact value?
While the living area is below average for the city and street, this is reflected in the home’s assessed value, which aligns more closely with neighbourhood averages. This creates a scenario where you are paying primarily for the lot, location, and renovated basement, with the compact main floor being a key factor in its affordability.

2. What does a "renovated basement" typically include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, the presence of proper permits, whether it includes a secondary suite or is simply finished living space, and if it adds legal bedrooms.

3. Is the detached garage a standard size?
The listing does not provide garage dimensions. Given the home's era and the lot size, it is likely a single-car garage. Confirming its exact size and condition (e.g., door opener, insulation, electrical service) is recommended.

4. How recent was the last sale, and what did it sell for?
Public data indicates a sale in July 2016 for an estimated range of $22.5k to $25.5k. The current assessed value is higher, reflecting market changes and any renovations completed since that time. For the exact historical sale price, you must request it directly from the listing source.

5. What are the implications of the home's age (built in 1964)?
A home from this era may have original components, like windows, roof, or plumbing, that are nearing or past their typical lifespan. However, being newer than the street average could be an advantage. A thorough inspection is crucial to understand the condition of major systems and what updates, like the basement renovation, have already been addressed.