Property Overview: 983 Kimberly Avenue, Valley Gardens, Winnipeg

Key Characteristics & Appeal

This 1975-built home on Kimberly Avenue presents a practical and value-focused opportunity in Winnipeg's Valley Gardens neighborhood. Its primary appeal lies in a clear value proposition: you acquire a home with an above-average living area (1,084 sq ft) for its immediate street, at a significantly below-average assessed value ($246k). This combination suggests potential for those comfortable with a property that may require updates or modernization.

The home is newer than most on its block (ranking in the top 10% of the street for year built), which can be an advantage for major systems. However, the lot is compact at 3,304 sq ft, meaning lower exterior maintenance but less private outdoor space compared to area norms. The assessed value ranks consistently in the bottom 15-20% across street, neighborhood, and city comparisons, indicating this is a notably affordable entry point into the market.

This property would suit first-time buyers or practical investors seeking maximum interior space for their budget, who prioritize house over yard. It may also appeal to downsizers looking for a manageable lot without moving to a condo. A less obvious perspective is that its below-average metrics across value, lot size, and neighborhood ranking could indicate a "value-add" opportunity in a stable, middle-of-the-road area, allowing for equity growth through improvements.

Frequently Asked Questions

1. Why is the assessed value so much lower than the averages?
The assessed value of $246k is well below averages for the street ($303k), neighborhood ($325.5k), and city ($390.1k). This typically reflects the property's specific condition, features, and market position. It's a key indicator of the home's affordability and a starting point for determining its market price.

2. Is the smaller lot size a major drawback?
The 3,304 sq ft lot is smaller than most in the area. This means less yard for gardening or recreation, but also significantly reduced maintenance for mowing, landscaping, and snow clearing. It's a trade-off that suits those seeking a low-maintenance exterior.

3. The home is newer than others on the street. What does that mean?
Built in 1975, the home is newer than the street average (1958). This can be beneficial, potentially indicating updated wiring, plumbing, or insulation compared to much older neighbors, possibly reducing immediate repair costs.

4. What does the "around average" neighborhood ranking mean?
Valley Gardens ranks near the middle (#991 out of 2004, or top 49%) for living area size compared to other Winnipeg neighborhoods. This suggests it's a typical, established residential area without extreme highs or lows in home size for this price point.

5. How should I interpret all these rankings and comparisons?
The data provides context, not a verdict. It shows this home offers more interior space than its direct neighbors but on a smaller, more affordable lot. The consistently low assessment across all comparison levels highlights its role as a value-oriented option. It's crucial to view the property in person to understand how its condition, layout, and updates align with these statistical trends.

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.