Property Overview: 425 Keenleyside Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a compelling mix of above-average living space within a more modest valuation framework. Built in 1970, it is notably newer than most homes on its street and in the broader Munroe East area, which can suggest updated infrastructure and potentially lower immediate maintenance needs. The 1,320 sqft living area is spacious compared to local peers, ranking in the top 5% for both the street and neighbourhood, offering more interior room than typical.

The primary appeal lies in this value proposition: acquiring a relatively modern, generously sized home at an assessed value significantly below area and city averages. This creates a tangible entry point into the neighbourhood. The lot, while smaller than others, translates to less yard maintenance.

This property would suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize interior space and a newer build year over a large yard. It’s also a logical candidate for buyers interested in the Munroe East area but working within a strict budget, as the low assessed value indicates a potentially accessible price point.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the averages shown?
The assessed value is a municipal valuation for tax purposes and can be influenced by many factors, including specific property condition, exact location, and past sale prices. A value this far below averages often indicates a key opportunity for buyers, but it’s essential to have a professional appraisal and market evaluation.

2. What does the "newer build year" really mean for a 1970 home?
While 54 years old, this home is newer than many in the vicinity (where averages are from the early 1960s). This can correlate with updates to foundational building codes, plumbing, and electrical systems, possibly resulting in fewer legacy issues common in older builds.

3. The lot size is noted as below average. How significant is this?
The lot is approximately 3,150 sqft, which is smaller than most in the area. For buyers seeking extensive gardens, outdoor entertaining space, or future expansion, this is a limitation. For those preferring lower maintenance and a cozier yard, it may be an advantage.

4. How reliable are the sold price ranges shown, like "CA$200k–250k" for 2021?
These ranges are estimates based on public data. To make an informed decision, requesting the exact sold price history via the provided email service is recommended for precise historical comparison.

5. The home ranks well for living area but poorly for value and land. How should I weigh this?
This highlights the property’s specific profile: you are primarily buying the interior structure and its condition. If living space and a newer build are your top priorities, the trade-off with a smaller lot and lower valuation (which affects your property taxes) could be very favorable. It underscores the importance of viewing the home in person to assess its condition and layout relative to your needs.