Property Overview
160 Essar Avenue is a modern, well-appointed home that stands out for its size, condition, and valuation within its established Winnipeg neighbourhood. Built in 2016, it is a notably newer construction compared to most homes in the Kildonan Drive area. Its primary appeal lies in offering contemporary living with minimal immediate maintenance in a mature setting. The home features a renovated basement and an attached garage.
Key Characteristics & Ideal Buyer
This property’s key strength is its above-average living space (1,703 sq ft) combined with an elite-level assessed value, indicating it is a high-caliber home for its immediate area. It is a modern home surrounded by older ones, which means buyers benefit from newer systems, insulation, and layouts without being in a brand-new subdivision. The trade-off is a smaller land area (5,004 sq ft) compared to neighbouring lots, which translates to less yard maintenance but also less private outdoor space.
Its appeal is strongest for buyers seeking a move-in-ready, modern home who value interior space and modern amenities over a large yard. It would suit young families looking for space without the upkeep of an older home, or professionals wanting a modern, low-maintenance property in a settled neighbourhood. A thoughtful perspective is that this home offers a "best of both worlds" scenario: the character and established greenery of an older community with the efficiency and design of a new build, though outdoor privacy may be limited.
Frequently Asked Questions
1. Why is the assessed value so much higher than neighbouring homes?
The assessed value reflects the home's newer construction (2016), larger living area, and renovated condition compared to the older average home in the area. It is ranked in the top 2-4% of homes in its local area for value.
2. How does the smaller lot size impact the property?
The land area is below average for the street and neighbourhood. This typically means a smaller backyard and potentially less distance from neighbouring houses, but also reduces yard work and may lower exterior maintenance costs.
3. What does the sold price history indicate?
The home has appreciated since its last sale in 2020, with the 2024 sale price range aligning closely with its current high assessed value, suggesting a stable and strong market perception.
4. Is the renovated basement included in the living area square footage?
Typically, finished basement space is not included in the official living area (main and upper floors) calculation. The 1,703 sq ft likely refers to above-grade living space, with the renovated basement providing additional bonus space.
5. What is the neighbourhood like, given the mix of old and new homes?
Kildonan Drive is an established area where a 2016 home is a rarity. This means you'll have mature trees and settled streetscapes, but the home itself will have modern building standards and likely more contemporary styling than its neighbours.