Property Overview: 196 Leighton Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Kildonan Drive presents a compelling mix of space, land, and value. Its standout feature is the generous 7,308 sqft lot, which ranks in the top 2% for size on its street, offering exceptional outdoor potential for gardening, expansion, or simply enjoying ample private space—a rarity in many city neighbourhoods. With 1,700 sqft of living area, the home itself provides above-average interior space compared to most local and city-wide properties.
The home’s appeal lies in this balance. It offers more house and significantly more land than typical comparables, yet its assessed value remains moderate for the area. This creates a value proposition for buyers willing to take on a character home built in 1928. The property suits practical buyers looking for a long-term foundation: families or DIY enthusiasts who value large outdoor space over a modern, turn-key interior, and who see the unfinished basement as a blank canvas for future customization. It’s a property where the land is the undeniable asset, and the house represents the opportunity to build equity through updates over time.
Frequently Asked Questions
1. What does the "above average" ranking for living area actually mean?
It means that at 1,700 sqft, this home is larger than approximately 91% of similar homes on its street, 82% in the broader Kildonan Drive area, and 79% city-wide. You are getting significantly more interior space than the typical Winnipeg home.
2. The home was built in 1928. What should I consider?
While the structure has proven its durability, a home of this age will likely have older building systems (like plumbing, wiring, and heating) and may require updates to meet modern efficiency and safety standards. A thorough inspection is essential.
3. How significant is the large lot size?
Very. The lot is over 40% larger than the street average. This not only provides privacy and room for recreation but can also contribute to long-term value, as land size is a fixed commodity. It allows for potential additions, like a garage, workshop, or garden suite (subject to zoning).
4. The assessed value seems lower than recent sold prices. Why?
Municipal assessed value for taxation purposes often lags behind market value. The sold price history shows the market has consistently valued this property higher than its assessment, indicating strong buyer demand for this home’s specific combination of space and lot size in this location.
5. The basement is noted as "not renovated." What are the implications?
This means the basement is in a functional but basic state, likely with unfinished or dated finishes. While it offers usable space for storage or utilities, it represents both an immediate cost-saving (you’re not paying for a finished basement) and a future opportunity to add significant living area and value to the home according to your taste and budget.