Property Overview: 71 Essar Avenue, Winnipeg
Key Characteristics & Appeal
This well-maintained, one-storey home in Kildonan Drive offers practical living in a mature neighbourhood. Built in 1971, its 1,086 sqft living space is comfortably sized and sits on a 5,009 sqft lot with an attached garage. A key feature is its renovated basement, adding valuable finished space. The home’s assessed value of $42.30k stands out as above average for both its immediate street and the broader Kildonan Drive area, suggesting it is a well-regarded property in its locale.
The appeal here is one of stability and sensible value. It’s not the largest home on the block or in the city, but it performs solidly against key metrics. For its neighbourhood, it is notably newer than many peers, which can mean fewer concerns with aging core components. The recent sale in late 2024 indicates a fresh, market-tested value. This property would suit first-time buyers seeking a move-in ready home with a finished basement, or downsizers looking for a manageable single-level layout without compromising on lot size. It’s a home for those who prioritize a quiet, established community over brand-new construction.
Frequently Asked Questions
1. Is the above-average assessed value a sign of higher property taxes?
Not necessarily. While the assessment is above the local average, property taxes are calculated using a city-wide mill rate. The assessment indicates the city’s opinion of its value relative to others, which is positive for equity, but your actual tax bill depends on the annual municipal budget.
2. The lot size is noted as "below average" for Kildonan Drive. Is that a concern?
This perspective is relative. At over 5,000 sqft, the lot is still a very generous size for a one-storey home and provides ample backyard space. It is only "below average" because the Kildonan Drive area contains many properties with exceptionally large lots.
3. What does the renovated basement include?
The listing confirms the basement is renovated but does not specify the details. A prospective buyer should inquire about the scope of the renovation, the quality of the finishes, and whether it includes a secondary bedroom, bathroom, or legal suite potential.
4. How does the recent sold price compare to the assessed value?
The home sold for between $44.50k and $47.50k in September 2024. This sale price range is close to its $42.30k assessed value, indicating the assessment is closely aligned with recent market activity, which is a sign of a stable valuation.
5. The home is over 50 years old. What should I check?
While the home is newer than many in the area, a thorough inspection for a house of this age should focus on the roof, windows, plumbing, and electrical systems to see if they are original or have been updated. The renovated basement should also be checked for proper moisture control and insulation.