Property Overview: 138 Leighton Avenue
Key Characteristics & Appeal
This one-and-three-quarter storey home on Leighton Avenue presents a distinct blend of classic charm and practical updates. Its primary appeal lies in its generous 1,680 sqft of living space, which is notably larger than most comparable homes in its immediate area, ranking in the top 9%. This offers significant room for a growing family or those who value spacious interiors. The home features a renovated basement and a detached garage, adding functional utility.
Built in 1921, the property carries the character of its era but comes with a below-average assessed value for the broader Kildonan Drive area. This creates an interesting value proposition: you acquire a home with more interior space than its neighbors, situated on a standard-sized lot, at an assessment that suggests potential affordability relative to the district. It would suit a buyer looking for a character home with room to grow, who is less concerned with having a newer build or a large lot, and who may see value in the discrepancy between its spacious interior and its municipal valuation.
Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. The assessed value is for municipal tax purposes and is often behind market trends. Its lower assessment compared to area averages could mean relatively lower property taxes, which is a positive for ongoing costs.
2. What does "one-and-three-quarter storey" mean?
This is a common Winnipeg architectural style. It typically means the second floor has full-height ceilings in the center, with sloped ceilings and possibly dormer windows in the bedrooms, offering unique character compared to a standard two-storey.
3. How significant is the renovated basement?
A renovated basement adds immediate liveable space, which is a major asset given the home's already above-average square footage. It's important to clarify the scope and quality of the renovation and check for proper permits.
4. The home is older—what should I check?
While the basement is renovated, a 1921 home will require diligent inspection of core systems. Focus on the foundation, roof, wiring, plumbing, and insulation to understand any needed updates or maintenance.
5. How does the lot size compare?
At just over 5,000 sqft, the lot is standard for Leighton Avenue but smaller than the average lot in the wider Kildonan Drive area. This means smaller outdoor maintenance but may limit expansion possibilities compared to properties on larger lots.