Property Overview: 117 Fraser's Grove, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Kildonan Drive presents a practical opportunity. Built in 1958, its 1,043 sqft living space is modest but functional, sitting around the city-wide average. A key feature is the renovated basement, adding valuable finished space. The property stands out for its generous 5,858 sqft lot, which is notably larger than many on its own street, offering ample outdoor potential.
Its primary appeal lies in its balance and established neighbourhood context. The home’s assessed value is strong relative to its immediate area, suggesting it is a well-regarded property on its street. It would suit first-time buyers or downsizers looking for a manageable, single-level layout in a mature community. The large lot is a significant asset for those valuing private outdoor space, gardening, or future expansion, while the detached garage adds utility. It’s a home that offers more in land than in square footage, appealing to those who see value in the property itself rather than a large interior.
Section 2: Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold in March 2025 for an estimated $49.5k–$52.5k, which is significantly higher than its $38.6k assessed value. This indicates strong market demand and that buyers placed a premium on its specific features and location.
2. Is the living space considered small?
At 1,043 sqft, it is below average for the Kildonan Drive area but around the average for the city overall. The renovated basement effectively expands the usable living area, making the home feel more spacious than the main-floor square footage suggests.
3. What does the "above average" lot ranking mean?
The lot size ranks in the top 17% on Fraser’s Grove itself, meaning it's substantially larger than most of its direct neighbours. This is a less obvious advantage that provides more privacy, yard space, and options than typical homes on the street.
4. How does the year built affect this home?
Built in 1958, the home is older than many in Winnipeg. This typically means potential for character and mature landscaping, but buyers should factor in the age for maintenance and systems updates, despite the renovated basement.
5. Who are the likely neighbours or comparable buyers?
Given its strong assessed value ranking on the street and practical size, it likely appeals to established residents seeking stability. The recent sale price premium suggests it attracted buyers who valued the specific combination of a large lot, renovated basement, and a solid position in a well-regarded local spot.