Property Overview: 18 Corne Street, Winnipeg
Key Characteristics & Appeal
This one-storey home, built in 1960, presents a solid opportunity in Winnipeg's Kildonan Drive area. Its primary appeal lies in its exceptionally large lot—over 18,000 square feet—which ranks in the top 3% of the local area and top 2% city-wide. This offers rare potential for expansion, gardening, or outdoor recreation. The home itself is modest in size at 1,042 sqft, with a renovated basement and an attached garage. While the living space is below average for the immediate neighborhood, the property's assessed value is notably above average for Kildonan Drive, suggesting the land itself is a significant contributor to its worth.
This property would best suit a buyer who values space and potential over immediate move-in size. It's ideal for someone with long-term vision—perhaps a first-time buyer looking for a starter home with room to grow, a hobbyist or gardener craving ample outdoor space, or an investor who recognizes the underlying value in the land. The renovated basement adds functional living space, making it practical for small families or those needing a home office or separate living area.
Frequently Asked Questions
1. Is the large lot size unusual for this area?
Yes. The lot is exceptionally large, ranking in the top 3% for the Kildonan Drive area. Most comparable properties in the neighborhood have lots around 7,000 sqft, making this a standout feature.
2. How does the home's size compare to others nearby?
The living area is somewhat below average for both Corne Street and the broader Kildonan Drive area. Buyers should be prepared for a cozier interior footprint, with the trade-off being the substantial outdoor space.
3. What does the "above average" assessed value for the area indicate?
While the assessed value is around average city-wide, it ranks in the top 30% for Kildonan Drive. This typically reflects the property's desirable characteristics—in this case, likely the large lot and the renovated basement—relative to its immediate peers.
4. When was it last sold, and for how much?
The home was sold in July 2022. The exact sale price is not publicly listed, but available data indicates a range between $40,500 and $43,500.
5. What are the less obvious considerations with a property like this?
The significant lot size could mean higher maintenance (like lawn care or snow clearing) and potentially higher property taxes over time, as land value is a key component. Additionally, while the basement is renovated, the main floor's smaller size and 1960s build date suggest that future updates to the primary living areas might be part of a long-term plan.