147 Kings Drive

Property Overview: 147 Kings Drive, Fort Richmond, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home at 147 Kings Drive is a standout property defined by its generous scale and strong positional value. Its primary appeal lies in offering substantial interior space—over 3,000 square feet of living area—which places it in the top tier of homes locally, city-wide, and even on its own street. Built in 1992, it is notably newer than most comparable properties in the established Fort Richmond neighbourhood, suggesting potentially fewer major updates. The lot size is above average for the city, providing good outdoor space, though it is more standard for the immediate area. The home features an attached garage and a basement that is present but not renovated.

This property is ideally suited for buyers who prioritize space and a modern build year over a move-in-ready, fully updated condition. It would appeal to a growing family needing room to expand or to value-conscious purchasers who see potential in a solid, spacious structure and are prepared to tailor the interior to their tastes over time. Its strong assessed value and sold price metrics indicate it is perceived as a premium asset in the market, making it a candidate for buyers looking for a long-term home in a well-regarded area with strong fundamentals.

Section 2: Frequently Asked Questions

1. How does the property’s size compare to nearby homes?
The living area is exceptionally large. It ranks in the top 1% of all homes in Fort Richmond and city-wide Winnipeg, and is still in the top 11% even among the larger-than-average homes on Kings Drive itself.

2. The home was last sold in July 2022. What does that recent sale indicate?
The sale two years ago at a price point significantly above average suggests the property was already valued for its size and location. For a current buyer, it means the previous ownership period was relatively short, but the price provides a clear, modern benchmark for market value.

3. The basement is noted as "not renovated." What should I consider?
This confirms the lower level is functional but may require cosmetic or structural updates to modernize. It represents both a current cost-saving factor in the purchase price and future potential for added living space, utility, or value.

4. Is the lot size a pro or a con?
It depends on your priorities. The lot is above average for Winnipeg and Fort Richmond, offering good yard space. However, on Kings Drive specifically, it is around the average, meaning you get the space without necessarily standing out unusually among direct neighbours.

5. The assessed value is high. Will my property taxes be significantly higher?
Likely, yes. The assessed value places the home in the top 2% for Fort Richmond and city-wide. While assessed value is not the sole determinant of taxes, this high assessment typically correlates with above-average property tax bills, which should be factored into your budgeting.