Property Overview: 1197 Kildonan Drive, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This two-storey home, built in 1945, presents a practical and straightforward opportunity. Its key characteristic is balance: with 1,362 sqft of living space, a renovated basement, and an attached garage, it offers the core features needed for comfortable living without excessive size or premium pricing. The appeal lies in its position as a solid, mid-tier property. It ranks around average for both living area and assessed value compared to the wider city, suggesting it aligns with Winnipeg’s typical housing stock. The renovated basement adds functional space and modern convenience to the older structure.
The property would suit first-time buyers or downsizers seeking a manageable home with essential updates in place. It’s also a candidate for value-conscious investors, given its stable assessment history and recent sale activity. A less obvious perspective is the lot size: while the land area is notably smaller than most on Kildonan Drive itself, it is closer to the city-wide average. This indicates the home is situated in an established neighborhood where larger lots are common, offering a lower-maintenance yard within a mature community setting.
Frequently Asked Questions
1. How does this home’s value compare to its neighbors?
The assessed value is below the average for Kildonan Drive specifically, but aligns more closely with the city-wide average. This suggests the home may offer relative value within its immediate street, which tends to have higher-valued properties.
2. What does the sold price history indicate?
The home sold in 2021 and again in early 2021, showing active market interest. The increase in sale price between those two transactions indicates appreciated value over a short period, though for exact figures, you must request the detailed history via email.
3. Are there any concerns with the age of the home (built 1945)?
While the basement has been renovated, the overall structure is 81 years old. Prospective buyers should budget for potential updates to major aging components like the roof, windows, or plumbing that may not be covered by the basement renovation.
4. How does the smaller lot size impact the property?
The lot is significantly smaller than others on Kildonan Drive, which means less outdoor maintenance. However, it also means less private outdoor space compared to direct neighbors, which is a trade-off to consider.
5. What is the neighborhood context for this property?
The home sits on a street where properties generally have larger lots and higher average values. This means you’re buying into a desirable area, albeit with a property that is more modest in scale compared to its immediate peers, which can be an entry point into the neighborhood.