Property Summary: 63 Kirby Drive, Heritage Park, Winnipeg
Section 1: Overview & Appeal
This one-storey home at 63 Kirby Drive is a classic Heritage Park bungalow built in 1963, presenting a straightforward and manageable living opportunity. Its key characteristics include 1,186 sqft of living space, a renovated basement, a detached garage, and a 5,197 sqft lot. The home’s assessed value is notably below the citywide average, which can be appealing from a property tax perspective.
The primary appeal lies in its solid, no-fuss fundamentals within a mature neighbourhood. The renovated basement adds functional living space, and the detached garage offers flexibility. From a data perspective, this property consistently ranks as "around average" in most metrics for its immediate street and the wider city, suggesting it’s a typical, stable offering rather than an outlier. However, within the Heritage Park area specifically, its lot size and year built are below the neighbourhood average, indicating it sits on a somewhat smaller parcel among slightly newer homes in the area.
This home would best suit practical, value-conscious buyers such as first-time homeowners looking for an entry point into a established area, or downsizers seeking a single-level layout with basement potential for guests or hobbies. It’s for those who prioritize function and neighbourhood stability over modern size trends or premium lots.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold in February 2021 for an estimated range of $355k-$385k, which was consistent with area averages at that time. The current assessed value of $363k is slightly below the citywide average, suggesting the property tax base may be relatively favourable.
2. What is the significance of the "below average" lot size for Heritage Park?
While the lot is a comfortable size citywide, it's smaller than many in Heritage Park. This could mean less yard maintenance but may also offer less privacy or expansion potential compared to some neighbours.
3. Is the renovated basement a legal suite?
The listing states the basement is renovated but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.
4. How does the age of the home (1963) factor in?
Built in 1963, the home is older than the average for Heritage Park. Prospective buyers should pay particular attention to the condition of major aging components like the roof, plumbing, and electrical systems, even with a renovated basement.
5. What can the sales history tell us about the property's market?
The home has sold twice in recent years (2017 and 2021), which is not unusual. The increase in sale price between those periods was generally in line with market trends, indicating stable, non-speculative value growth in line with its surroundings.