Property Overview

This home on Louelda Street in Valley Gardens, Winnipeg, offers 1,200 square feet of living space—above average for the street (top 13%) and area (top 31%), though slightly below the citywide median. Built in 1975, it’s newer than most nearby homes (top 19% for the street). The lot is 3,298 square feet, which is smaller than typical for all three scopes (bottom 12–17%). The assessed value is $248,000, notably lower than the street average of $303,600 and the area average of $325,500.

Its appeal lies in a trade-off: you get more interior space and a newer build than the immediate competition, but on a compact lot and at a below-average assessed value. For a buyer, this could mean lower property taxes relative to the living area, and less yard upkeep. The home’s value is under market norms in this pocket, which might signal a deal or a property that needs some attention—worth a closer look.

Who it suits: First-time buyers or those downsizing who prioritize indoor square footage and a newer structure over outdoor space or a premium valuation. It may also appeal to investors looking for a below-median entry point in a stable area, or to anyone who’d rather spend time inside than on lawn maintenance.

Frequently Asked Questions

1. How does the assessed value compare to what I might actually pay?
Assessed value is used for property tax calculations, not market price. Here, it’s well below the street and area averages. That could mean lower annual taxes, but the sale price may differ depending on renovations, conditions, and competition.

2. Why are the land and living area rankings so different?
The home has more square footage inside than most on the street and in the area, but the lot is among the smallest. That’s fairly common in older subdivisions where builders maximized house footprint on narrower plots—good if you don’t want a big yard, less so if you garden or plan extensions.

3. Is a 1975 build considered “newer” in Valley Gardens?
Yes, for this street. The street median is older (likely late 1960s or early 1970s), so a 1975 home ranks in the top 19%. Citywide, it’s still above average (top 40%). That said, it’s not new construction—expect typical mid-70s materials and layouts unless updated.

4. What does “below average” land area mean in practical terms?
At 3,298 sqft, it’s roughly 20–25 feet wide by 130–160 feet deep (depending on shape). That’s comfortable for a single-car drive and a modest backyard, but tight for a double garage or large play area. Check local bylaws for setbacks before planning any additions.

5. How does this home compare to others currently for sale in Valley Gardens?
The provided data is from a static assessment, not active listings. For a current market picture, you’d want to compare this home’s square footage, year, lot size, and assessed value against other listings or recent sales in the same neighbourhood—ideally within the past three months. The “neighbourhood map analysis” link on the property page would help with that.