Property Overview
This two-storey home at 172 Irving Place in Winnipeg’s Kildonan Drive area presents a specific value proposition centered on its generous lot. Built in 1952, the 1,400 sqft house sits on a notably large, 12,091 sqft parcel of land, ranking in the top 3% citywide for lot size. The home itself features a renovated basement and a detached garage. Its assessed value is modest relative to the immediate street but aligns with the broader neighborhood and city averages.
Key Characteristics & Appeal
The primary appeal of this property is its exceptional land area, which is significantly larger than typical city and neighborhood lots. This offers substantial potential for gardening, expansion, or simply enjoying private outdoor space—a rarity in urban settings. The home’s living space is average for the area, and the renovated basement adds functional living area. With a below-average assessed value for its specific street, it may represent a relative value entry point into the neighborhood.
This property would suit a buyer who prioritizes land over a large or modern house. It’s ideal for someone with a vision for outdoor projects, seeking long-term value in land ownership, or looking for a home with "good bones" and renovation potential where the lot size is the key asset. It may also appeal to a value-conscious buyer comfortable with a home from the 1950s, seeing the dated year as an opportunity rather than a drawback.
Frequently Asked Questions
1. Is the large lot usable, or is it an odd shape?
While the listing confirms the size, it’s wise to verify the lot’s dimensions and zoning to understand its full potential for additions, outbuildings, or landscaping.
2. What does "renovated basement" include?
This term can vary. Request specifics on the renovation’s scope, quality, permits, and whether it created a legal suite or simply finished living space.
3. How does the lower assessed value on the street impact property taxes?
A lower assessment relative to neighbors can mean lower property taxes, but it’s important to get an estimate, as taxes are also based on municipal mill rates.
4. What is the typical character of homes on Irving Place?
The data shows homes here generally have larger living areas and higher assessments. This property offers a larger lot but a smaller, older house, suggesting a more varied streetscape.
5. Are there any known issues common with homes from 1952?
Prospective buyers should budget for and investigate potential updates to major systems like plumbing, electrical, and insulation, which may be original or outdated.