Property Overview: 164 Irving Place, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1956, presents a solid opportunity in Winnipeg's Kildonan Drive area. Its primary appeal lies in its generous, above-average lot size of over 10,500 sq ft, which places it in the top 10% of the local area and the top 5% city-wide. This offers significant outdoor space and potential for gardening, expansion, or simply enjoying a larger private yard than is typical. The home itself, with 1,446 sq ft of living space and a renovated basement, is functionally sized, sitting around the city average. It features a detached garage.
The property suits practical buyers looking for a established neighbourhood with room to breathe. It’s ideal for someone who values private outdoor space over having a newer or larger home. The assessed value is modest relative to the lot size, which could appeal to value-oriented purchasers or those with long-term plans to update the home itself while already owning a premium parcel of land. It’s a property where the land is the standout feature, offering a balance of city convenience with a more suburban lot feel.
Section 2: Frequently Asked Questions
1. How does the home’s condition compare to its stats?
The data indicates a renovated basement, but the main living areas' condition and the age of major systems (roof, wiring, plumbing) are not detailed. A thorough inspection is recommended, as is typical for a home of this vintage.
2. Is the lot size usable, or is it an odd shape?
The lot is notably large. Reviewing a survey or lot plan would be essential to understand its dimensions, potential for future use (like an addition), and any easements.
3. How does the sold price from 2023 relate to current value?
The home sold for an estimated $46.5k-$49.5k in late 2023. This recent transaction provides a concrete benchmark, but current market conditions and any changes made since then will influence today’s value.
4. What is the neighbourhood character of Irving Place?
With 32 comparable properties on the street, it’s a established area. The home’s metrics (like living area and year built) are around the street average, suggesting it fits right in with the surrounding homes.
5. Why is the assessed value relatively low given the large lot?
Municipal assessments for tax purposes don't always directly correlate with market value. The assessment may reflect the age and modest size of the dwelling itself. The market typically places a premium on such a large lot, which would be reflected in the sale price rather than the tax assessment.