Property Overview

This one-storey home at 406 Kirkfield Street in Winnipeg presents a straightforward, renovated living space on a generous lot. Its key appeal lies in its balance of modest, updated living space with above-average outdoor room, all within a context of very typical neighborhood values. The home suits practical buyers looking for a manageable footprint without sacrificing yard space, and who value a renovated basement for extra living area or rental potential.

Key Characteristics & Appeal

The home's living area of 1,060 sq ft is consistently average for its street, neighborhood, and city, indicating a comfortable but not expansive layout. Its standout feature is the land: at 6,746 sq ft, the lot size is above the city-wide average, offering more private outdoor space than many Winnipeg properties. This is paired with a renovated basement, adding functional space. The house was built in 1960, which is newer than most on its specific street, suggesting potentially fewer immediate age-related concerns compared to direct neighbors.

Its assessed value is firmly in the middle range for all comparison levels, reflecting a property that is not over-improved for its area. This creates a stable, predictable entry point into the market. The home would suit first-time buyers or downsizers seeking a low-maintenance, single-level layout with a sizable yard for gardening, pets, or family space. The detached garage and renovated basement also appeal to those needing workshop space, storage, or flexible living arrangements.

Frequently Asked Questions

1. How does the lot size compare to a typical city lot?
The lot is approximately 6,746 sq ft, which ranks in the top 19% city-wide, meaning it's notably larger than the Winnipeg average of about 6,570 sq ft.

2. What does the "renovated basement" typically include?
While specific finishes aren't listed, a renovated basement in this context generally means it is finished as livable space, potentially including recreation rooms, additional bedrooms, or a separate suite, adding to the home's functional square footage.

3. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($32.40k) is for taxation purposes. The last recorded sale in late 2022 was in the $32.5k-$35.5k range. Market conditions will determine the current price, but this history shows value consistency in the recent past.

4. What are the implications of the home being "newer" than others on the street?
Built in 1960, it's newer than the street average (1958). This minor difference may indicate slightly updated construction methods or materials for its era, but major systems (roof, wiring, plumbing) will still be due for age-related updates or may have been recently addressed.

5. Who would benefit most from this property's layout?
The one-storey design with a renovated basement is ideal for those seeking minimal stairs or single-level living, while still having extra space for guests, hobbies, or income potential. The large lot is a key benefit for anyone prioritizing outdoor space over a larger interior footprint.