Property Overview: 862 Kildonan Drive
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1946, stands out primarily for its exceptional lot size. At over 20,000 square feet, the land is its most defining feature, ranking within the top 2% of similar homes in the broader area and top 1% city-wide. This offers rare potential for expansion, gardening, or simply enjoying substantial private outdoor space. The 1,734 sqft living area is comfortably above the city average and the home benefits from a renovated basement. Its assessed value is notably above average for the neighborhood, suggesting it is a well-regarded property within a desirable location.
The appeal lies in a balance of established character and opportunity. It suits a buyer who values space and privacy over a brand-new build—someone looking for a home with a classic footprint on a lot where future projects are possible. It would also suit a buyer who appreciates a home that holds its value well within its immediate community, as indicated by its strong assessed value ranking on Kildonan Drive. The 2022 sale price shows significant appreciation from its 2016 sale, pointing to solid investment in the area.
Section 2: Frequently Asked Questions
1. What does the "Elite" ranking for land area actually mean?
It means this property's lot size is larger than 99% of comparable residential properties across the entire city, making it a very rare find in an established neighborhood.
2. The home was built in 1946. What should I consider?
While the basement has been renovated, the core structure is 80 years old. Prospective buyers should budget for updates to major aging components like the roof, plumbing, or electrical systems, and consider an inspection a priority.
3. How does the assessed value compare to recent sale prices?
The current assessed value is $54,500. The home last sold in 2022 for an estimated $73,500-$76,500, which was well above the assessed value at that time. This indicates the market has consistently valued this property above its official assessment.
4. There's no garage. Is adding one feasible?
Given the enormous lot size, adding a garage or workshop is likely very feasible from a space perspective. Buyers should check local zoning bylaws and setback requirements to understand the exact possibilities.
5. The home ranks below average for its year built in the area. Is that a concern?
This ranking simply confirms that many homes on Kildonan Drive were built later, in the 1950s. It doesn't reflect the condition of this specific home, but it does contextualize it as one of the older homes on the street, which can be part of its character.