| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Year Built 1977 （49 years ago） | Top 1%1/72 Avg1977 Top 1%1/72 Avg1977 Top 70%18777/26841 Avg1990 5-241 Kinver Avenue: For Year Built. On Kinver Avenue, Elite — Top 1%, rank 1 of 72, and comparable homes in that group average about 1977. in Tyndall Park, Elite — Top 1%, rank 1 of 72, and comparable homes in that group average about 1977. citywide, around average — Top 70%, rank 18777 of 26841, and comparable homes in that group average about 1990. | ||
Living Area 676 sqft | Top 74%53/72 Avg844 sqft Top 74%53/72 Avg844 sqft Top 89%23824/26841 Avg1,042 sqft 5-241 Kinver Avenue: For Living Area. On Kinver Avenue, below average — Top 74%, rank 53 of 72, and comparable homes in that group average about 844 sqft. in Tyndall Park, below average — Top 74%, rank 53 of 72, and comparable homes in that group average about 844 sqft. citywide, below average — Top 89%, rank 23824 of 26841, and comparable homes in that group average about 1,042 sqft. | ||
Assessed Value 13.30k | Top 68%49/72 Avg15.80k Top 68%49/72 Avg15.80k Top 93%24957/26841 Avg25.60k 5-241 Kinver Avenue: For Assessed Value. On Kinver Avenue, around average — Top 68%, rank 49 of 72, and comparable homes in that group average about 15.80k. in Tyndall Park, around average — Top 68%, rank 49 of 72, and comparable homes in that group average about 15.80k. citywide, below average — Top 93%, rank 24957 of 26841, and comparable homes in that group average about 25.60k. | ||
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: colored length ≈ share of peers you outperform; vertical line ≈ median benchmark; white tick = your position. Badge tint: gold / blue / gray / dark gray for top ~1–5% / 5–30% / 30–70% / beyond.
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| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sale price 11.70k | Top 100%73/72 Avg Below average same street Top 100% | Top 100%73/72 Avg Below average neighbourhood Top 100% | Top 96%25876/26841 Avg Below average Winnipeg Top 96% |
Property Overview
This property at 5-241 Kinver Avenue in Winnipeg's Tyndall Park neighbourhood is a modest, entry-level home built in 1977. Its primary appeal lies in its exceptionally low financial barrier to entry, underscored by a recent sale price of $11,700 and a current assessed value of $13,300. With a living area of 676 sqft and no basement or garage, it represents a minimal-commitment property.
Key Characteristics & Ideal Buyer
The standout feature of this home is its cost. It ranks in the top 1% of its neighbourhood and the top 2% city-wide for low assessed value, making it one of the most affordable properties in Winnipeg. Its appeal is purely functional and financial, suited for a very specific buyer. It would best suit an investor looking for a low-cost addition to a rental portfolio, someone seeking an ultra-budget-friendly live-in renovation project, or a buyer whose primary goal is to secure land title and establish equity with the absolute minimum upfront investment. The data suggests it is not a typical family home, but rather a strategic asset. A thoughtful perspective is that its value may be tightly linked to its land and location within Tyndall Park, rather than the structure itself, offering potential for future redevelopment.
Frequently Asked Questions
1. Why is the price so low?
The sale and assessed values are among the lowest in Winnipeg, reflecting the home's small size (676 sqft), age, and basic features (no basement or garage). It is priced as a foundational asset.
2. What type of investment potential does it have?
For an investor, it offers a very low entry point for a rental property, potentially yielding a strong capitalization rate based on initial cost. Its value may also be sustained by the underlying land value in the Tyndall Park area.
3. Is this a "tear-down" property?
While not explicitly stated, the combination of low value, small structure size, and age suggests redevelopment is a plausible long-term consideration for a buyer, though immediate use as a modest dwelling is also possible.
4. How does it compare to nearby homes?
The provided comparisons show nearby and similar-valued properties, but most have significantly larger living areas and higher values. This highlights how unique this listing is within its own market.
5. What are the immediate costs or considerations?
A buyer should budget for potential updates or repairs common to a home of this age. The lack of a basement or garage also means all living and storage space is confined to the main footprint.
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