Property Overview: 1221 Kildonan Drive
Key Characteristics & Appeal
This is a modest, one-storey home built in 1956 on a generous 6,623 sqft lot in Winnipeg. With 1,132 sqft of living space and an unrenovated basement, it presents as a straightforward, no-frills property. Its key appeal lies in its value proposition and potential. The assessed value is notably below average for its specific street, suggesting a lower entry point in a neighborhood of generally higher-valued homes. The lot size is well above the city-wide average, offering a substantial outdoor space uncommon for many homes in its price range.
This property would suit a first-time buyer comfortable with a project, an investor looking for a land-value play, or a downsizer seeking a manageable home with a large yard without a premium price tag. Its older, unrenovated state means the next owner can customize it to their taste, though it requires a budget and vision for updates. A less obvious perspective is that its "below-average" metrics for the street could represent an opportunity to gain entry into an established area where simply meeting the neighborhood standard through renovation could yield significant equity.
Frequently Asked Questions
1. Is the basement finished?
No, the basement is noted as being present but unrenovated. It offers potential for additional living space, subject to proper permits and investment.
2. How does the property’s value compare to the area?
The home’s assessed value is below the average for Kildonan Drive itself, but aligns more closely with the broader area and city averages. This indicates it may be priced accessibly within its immediate neighborhood context.
3. What is the significance of the lot size?
At 6,623 sqft, the lot is substantially larger than the typical Winnipeg lot. This is a standout feature, providing ample room for gardening, expansion, or outdoor recreation.
4. When was it last sold, and for how much?
Public records indicate a sale between June 2019, with a price range estimated between $35.5k and $38.5k. The exact sale price can be requested directly from the site.
5. What should a buyer be prepared for with a home from 1956?
Buyers should budget for updates consistent with a home of this age. This includes potential repairs or replacements to major systems like plumbing, electrical, or the roof, and likely a desire to modernize interiors. The unrenovated state means these costs will be a key part of the investment.