Property Overview

This home at 989 Kimberly Avenue presents a practical and value-oriented opportunity in Winnipeg's Valley Gardens neighborhood. Its key appeal lies in a balanced profile that prioritizes a modernized structure and efficient living space over expansive land size.

Key Characteristics & Target Buyer

The standout feature is the home's age. Built in 1975, it is significantly newer than most houses on its street, ranking in the top 10%. This suggests a potentially lower maintenance burden and more contemporary building systems compared to the area's average home from the late 1950s. With 998 sqft of living space, it offers a comfortably sized interior that is very close to the neighborhood average, suited for individuals, couples, or small families.

The property's appeal is grounded in its value proposition. Both the assessed value for taxes ($255,000) and the land size (3,304 sqft) are notably below average for the street, community, and city. This translates to two key advantages: a relatively accessible entry price point and a manageable lot that requires less upkeep. The smaller yard could be seen as a drawback for some, but it is a definite benefit for those seeking a low-maintenance outdoor space.

This home would best suit first-time buyers or downsizers looking for a move-in-ready, modern structure within a well-established area, who prioritize the condition of the house itself over having a large plot of land. It’s a pragmatic choice for someone wanting to minimize yard work and potentially avoid the major system updates often needed in much older homes.

Frequently Asked Questions

1. What does the "newer" build year practically mean for me?
A 1975 construction likely means more modern electrical wiring, plumbing, and insulation standards than the pre-1960 homes common on the street. This can mean greater energy efficiency and fewer immediate major system upgrades.

2. The assessed value is below average. Does that mean the property is undervalued?
Not necessarily. The assessment reflects the city's valuation for tax purposes and is influenced by the home's features. The below-average assessment is consistent with the smaller lot and living area, which generally command a lower market price. It does, however, typically indicate proportionally lower property taxes.

3. Is the smaller land size a major disadvantage?
It depends on your lifestyle. It limits extensive gardening, expansions, or adding large structures like a detached garage. However, it means less landscaping, lower maintenance costs, and a more compact, manageable outdoor area—a plus for those with busy schedules.

4. How does the living space compare to a typical condo or townhouse?
At just under 1000 sqft, it offers more space than many condos and is comparable to a mid-sized townhouse, but with the key distinction of being a detached single-family home on its own lot, offering more privacy.

5. The rankings show it's "below average" in many city-wide categories. Is that a concern?
These metrics are best understood contextually. While the home is smaller and on a smaller lot than the Winnipeg average, it is very close to the averages for its immediate neighborhood and street. This profile is typical for the specific, established area of Valley Gardens and reflects its character.