Property Overview & Key Characteristics
This home at 225 Kildonan Meadow Drive stands out for its generous proportions, both in the home itself and on the land it sits on. Built in 1988, the 2,194 sqft living area is notably larger than most, ranking in the top 1-2% of similar homes in its immediate Meadows neighborhood and on its own street. The true standout feature is the 10,864 sqft lot, which is exceptionally large, placing it in the elite top 2-5% across all comparison levels. This combination of a spacious, well-established home on a vast parcel is its primary appeal.
The property suits buyers looking for ample indoor and outdoor space without moving to a rural area. It’s ideal for families seeking room for play, gardening, or future additions, or for anyone who values privacy and a substantial yard. The home’s above-average assessed value and recent sale history suggest it is a substantial, well-regarded property in the area. A thoughtful perspective is that while the home is from the late 80s, its lot size is a permanent, appreciating asset that newer subdivisions rarely match, offering long-term flexibility that interior square footage alone cannot.
Frequently Asked Questions
1. How does the home’s age affect its value?
Built in 1988, the home is around the average age for its street but is newer than the typical Winnipeg home. This suggests many major components may be due for updates, but the structure benefits from modern building codes compared to much older stock.
2. What does the "Elite" ranking for lot size actually mean?
It means the property’s land area is larger than approximately 95-98% of comparable homes in the city. On its street of 140 homes, only 5 lots are larger. This is a significant and rare feature.
3. The assessed value seems low compared to the sold price. Why?
The assessed value (used for property tax calculation) is often lower than market value. The recent sold price range of $550k-$600k reflects the actual market value, which considers the desirable lot size and living space that the tax assessment formula may not fully capture.
4. Who would this property not suit?
It may not suit those seeking a modern, turn-key home without renovation projects, or buyers who prefer a low-maintenance yard. The scale of both the house and land implies more upkeep.
5. How stable is the value based on the neighborhood data?
The home ranks consistently "above average" to "elite" in key metrics (size, lot, value) against its immediate area, street, and the wider city. This consistent performance across scales suggests a resilient value proposition rooted in its tangible assets.