Property Overview
This one-and-a-half storey home on Kildonan Drive presents a distinct blend of character and practicality. Built in 1920, it offers nearly 2,000 square feet of living space, which is notably above average for both the immediate area and the city of Winnipeg. The home sits on a 6,989 sqft lot, providing ample outdoor space that is larger than the typical city lot. Key features include a renovated basement and a detached garage.
The appeal lies in its generous interior space and lot size within a mature neighbourhood, offering room to grow or customize. The renovated basement adds modern functionality to a classic home. It’s well-suited for buyers who appreciate the solid bones and space of an older home, are comfortable with the maintenance that comes with a century-old property, and are looking for value defined by square footage and land rather than a modern assessment. It’s a practical choice for those seeking a family home with room and who see potential beyond the current assessed value, which sits below average for the street.
Frequently Asked Questions
1. Is the lower assessed value for the street a concern?
Not necessarily. The assessed value is a snapshot for tax purposes and doesn't always reflect market value or potential. Here, it may indicate an opportunity, especially when combined with the home's above-average living and land area.
2. What should I consider with a home from 1920?
While offering charm and sturdy construction, a home of this age will likely have older systems (like plumbing and electrical) and require a diligent inspection. The renovated basement is a positive update, but the overall condition of the original structure should be a primary focus.
3. How does the lot size compare?
At just under 7,000 sqft, the lot is larger than the average Winnipeg lot. However, it's slightly smaller than the average lot on Kildonan Drive itself. This means you get more outdoor space than most, but not necessarily the largest yard on the block.
4. What does the "sold price history" range tell us?
The listed sale in 2019 for approximately $29.5k–$32.5k is almost certainly for the land value only, likely indicating a prior distressed sale or transfer. It is not representative of a traditional arms-length sale of the improved property and should not be used as a market comparison for the house as it stands today.
5. Who would this property not suit?
It may not be ideal for buyers seeking a move-in-ready, modern home with no anticipated projects, or for those who prioritize a high current assessment and newer construction. It’s best for buyers with a vision who value space and character over contemporary finishes.