Property Overview: 14 Litz Place, Winnipeg
Key Characteristics & Appeal
This one-storey home, built in 1969, is a practical and well-situated property in the Kildonan Drive area. With 1,232 sqft of living space and a recently renovated basement, it offers comfortable, single-level living. The detached garage and a land area just over 5,600 sqft provide useful outdoor space and storage options.
Its primary appeal lies in its solid value and established neighborhood context. The assessed value of $410k is notably above average for the immediate Kildonan Drive area, suggesting the home is viewed favorably compared to many nearby properties. While the living space is slightly below average for its specific street, the home holds its own citywide. The renovated basement adds modern livability to the classic layout.
This property would suit first-time buyers or downsizers seeking a manageable, updated home without a large footprint. It’s also a sensible fit for value-conscious buyers who appreciate a home that stands above its immediate peers in assessed worth, potentially indicating good maintenance or desirable lot attributes not immediately obvious from the basic metrics.
Frequently Asked Questions
1. How does this home’s value compare to the area?
The home’s $410k assessment is in the top 26% for the broader Kildonan Drive area, meaning it is assessed higher than about three-quarters of comparable homes nearby. This suggests it may have features or conditions that are favorably viewed by assessors.
2. Is the living space smaller than other homes on the street?
Yes, at 1,232 sqft, it is below the average (1,423 sqft) for the 28 homes on Litz Place. This makes it a more compact option on the street, which can mean lower utility costs and less maintenance.
3. What does the “renovated basement” include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, permits, and the nature of the space (e.g., recreational room, additional bedroom, etc.).
4. When was it last sold, and for how much?
Public data indicates a sale between July 2020, with a price range of $355,000 to $385,000. For the exact sale price, you can request the information directly via the listing page.
5. The home was built in 1969. What should I be aware of?
While the basement has been renovated, a home of this age may have original components like windows, plumbing, or electrical systems that could require attention. A thorough inspection is recommended to prioritize any future updates.