Property Overview
1397 Kildonan Drive is a compact, one-storey home with a renovated basement, built in 1970. Its key appeal lies in its relative modernity for the area and its efficient use of space on a decent-sized city lot. The home's assessed value is notably modest, which can translate to lower property taxes—a significant, often overlooked financial benefit. It suits first-time buyers, downsizers, or investors looking for an affordable entry point into the Winnipeg market with a home that is newer than many of its immediate neighbors. The appeal is practical rather than luxurious, offering a manageable living space without the upkeep of a larger property or extensive grounds.
Frequently Asked Questions
Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and building codes if considering rental income.
How do the property taxes compare?
With an assessed value significantly below the area average for Kildonan Drive, the property taxes for this home are likely proportionally lower, which is a key ongoing cost advantage.
Why is the living area smaller than average?
At 1,024 sqft, the living area is below average for the street and city. This reflects the home's compact, efficient design typical of its era, prioritizing a manageable footprint.
What does the sold price history indicate?
The home sold in late 2017 for an estimated $23.5k–$26.5k, a price point that, along with the current low assessment, strongly suggests it is a fixer-upper or requires modernization.
Is the lot size a pro or a con?
While the lot is below average for Kildonan Drive, it is above average citywide. This offers more outdoor space than many Winnipeg homes but less than others on the same street, balancing privacy with lower maintenance.