Property Overview: 664 Kildonan Drive
Section 1: Key Characteristics & Appeal
This is a substantial, character-filled home built in 1910, offering a rare combination of historic charm and generous space. Its primary appeal lies in its significant scale, both in the home itself and the land it sits on. With over 3,000 square feet of living space, it ranks within the top 1-2% of homes city-wide for size. The property is further distinguished by a large, 15,000+ square foot lot, placing it in the top 2-4% of properties in Winnipeg for land area. A renovated basement and a detached garage add to its functional appeal.
The home’s value proposition is unique. While its assessed value is above average for the city, it is positioned as relatively average for its own desirable street and neighborhood, suggesting you are paying for the location and not an inflated premium for the home itself. This property would ideally suit buyers looking for a project-friendly, legacy home with ample room for multi-generational living, extensive gardens, or future expansion. It appeals to those who value space and potential over modern turn-key finishes and are prepared to steward a piece of local history. The lot size alone offers a future flexibility that is increasingly scarce in the city.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but the specific scope, quality, and finish of this work are not detailed. This is a key point for further inquiry to understand if it’s a modern living space, a utility update, or something in between.
2. Given the home's age, what should I anticipate for maintenance or updates?
Built in 1910, this home is among the oldest on its street. While it offers classic character, prospective buyers should budget for and investigate the condition of major aging components, such as the roof, foundation, plumbing, and electrical systems, which may require attention or modernization.
3. How does the assessed value relate to the likely market price?
The home’s assessed value for taxes is noted as $53,900, but this is not an indication of market value. The last recorded sale was between $42,500-$45,500 in 2019. Market price is determined by current conditions, and the assessed value is used for municipal tax purposes only.
4. What is the significance of the lot size?
At over 15,000 square feet, the lot is a major asset. This provides exceptional privacy, space for outdoor activities, and significant potential for additions, landscaping, or even future subdivision, subject to municipal zoning approvals.
5. Why is the living area so high compared to the assessed value ranking?
This highlights the property’s unique profile. You have a home with elite-level square footage, but its assessed value is more modest relative to other large homes. This often indicates that the interior condition or specific features may not be fully modernized, placing the value more on the sheer space and land rather than high-end finishes.