Property Overview: 513 Daer Boulevard, Winnipeg

Key Characteristics & Buyer Appeal

This one-storey home in Kirkfield is a classic post-war bungalow, built in 1947, sitting on a notably generous city-wide lot of over 6,400 sqft. With 939 sqft of living space and an unrenovated basement, it presents as a straightforward, functional property. Its appeal lies in its solid foundation and significant potential. The assessed value is well below averages for the street, neighbourhood, and city, which often indicates a price point accessible to first-time buyers or investors. The detached garage and ample lot size offer practical utility and future possibilities, whether for gardening, expansion, or simply more private outdoor space than is typical city-wide.

This home would best suit a hands-on buyer looking for an entry point into the market, comfortable with a property that requires updates over time. It’s a practical canvas rather than a turn-key solution, ideal for someone who values space and location over immediate modern finishes. A less obvious perspective is its appeal to a long-term holder: the below-average assessment in an established neighbourhood could position it well for future value growth as improvements are made, especially given the enduring demand for single-family homes on good-sized lots.

Frequently Asked Questions

1. Why is the assessed value so much lower than area averages?
A significantly lower assessment typically reflects the home’s original condition and lack of renovation relative to updated neighbours. It primarily serves as a baseline for property taxes and often aligns with a more accessible asking price.

2. What does "basement, not renovated" imply?
It means the basement is functional but in its original or utilitarian state. It likely has foundational living space, laundry, and storage, but will not have modern finishes, an updated kitchenette, or a legal suite. It represents both immediate usable space and clear potential for future improvement.

3. How does the lot size compare meaningfully?
While around average for Kirkfield, the land area ranks in the top 23% city-wide. This means you get more outdoor space than most Winnipeg homes, which is a valuable and finite asset for privacy, recreation, or future projects.

4. Is the 1947 build date a concern?
The year built is around average for the street. While it means core systems (roof, wiring, plumbing) may need evaluation or updating, it also reflects the solid construction of the era. The key is a thorough inspection to understand the condition of these aging components.

5. Who would this property not suit?
It is not ideal for buyers seeking a modern, move-in-ready home without any projects. Those unwilling to budget for eventual updates to the basement, kitchen, or bathrooms, or who prefer a new-build layout and low maintenance, would likely find this property a poor fit.