Property Overview
This single-storey home at 26 Jack Kolt Place in Winnipeg’s Leila-Mcphillips Triangle neighbourhood presents a specific and compelling value proposition. Its primary appeal lies in the significant land size—a 17,499 sqft lot that ranks in the top 1-2% of the neighbourhood and city—paired with a modern build year (2003) and a recently renovated basement. While the 1,617 sqft living area is modest relative to some immediate neighbours, it is above the city-wide average. The attached garage and lack of a pool contribute to a low-maintenance profile.
The property is ideally suited for buyers who prioritize land over square footage. This could include those planning future additions, wanting extensive outdoor space for gardening or recreation, or seeking a newer build on a generous lot without the premium of a brand-new custom home. Its assessed value is elite for the area, suggesting strong intrinsic value, but the modest sold price history indicates it may offer a unique opportunity to acquire a large lot at a accessible price point.
Frequently Asked Questions
1. Is the house too small for the lot size?
The living space is functional and above the city average, but it is modest compared to the lot’s generous proportions. This isn’t a drawback, but a defining characteristic. It appeals to those who value outdoor space or see potential for expansion more than they need a maximized interior footprint.
2. How does the assessed value compare to recent sale prices?
The home’s assessed value is in the top 4% for the neighbourhood, indicating official recognition of its worth. However, its last known sold price range (2020) was notably lower. This gap may reflect market conditions at the time or the specific appeal of the large lot, which might not be fully captured in standard comparisons.
3. What is the neighbourhood like?
Located in Leila-Mcphillips Triangle, the home sits on a quiet place (cul-de-sac). The data shows homes here have newer average build years and larger lot sizes compared to much of Winnipeg, suggesting a well-established, spacious suburban feel.
4. What are the main advantages over a typical city home?
The key advantages are the lot size, the modern build year (which can mean fewer immediate repairs), and the renovated basement. You are getting a property with land equity and a contemporary foundation, which is rare compared to the city’s older housing stock.
5. Who might this property not suit?
It may not be the best fit for buyers seeking a turn-key home with expansive, modern interior square footage relative to the property’s scale. The value here is weighted toward the land and the age of the structure, not necessarily premium interior size or finishes.