Property Overview
59 Kildonan Meadow Drive is a well-established home in Winnipeg's Meadows neighborhood. Built in 1987, it sits on a 5,036 sqft lot and offers 998 sqft of living space. The home presents a practical opportunity, with its most recent public sale recorded between $300k–$350k in 2020.
Key Characteristics & Appeal
This home’s primary appeal lies in its position as an accessible entry point into a stable neighborhood. The assessed value is modest compared to the immediate street, suggesting a potentially lower property tax burden relative to nearby homes. While the living space is notably compact—ranking in the bottom 4% on its own street—this translates to a home that is easier and more affordable to maintain, heat, and cool. The lot size is fairly typical for the broader area, offering adequate outdoor space without being overwhelming.
It would suit first-time buyers seeking a foothold in the market, downsizers looking to reduce maintenance, or pragmatic investors interested in a property with fundamentals that align with area averages for value and lot size. Its age (39 years) means buyers should be prepared for updates, but it also places the home well beyond the initial settling period of newer constructions.
Frequently Asked Questions
1. Is this a small house?
Yes. At 998 sqft, the living area is significantly below the average for its own street (1,460 sqft) and is a compact layout. It is efficient but may feel cramped for those needing multiple dedicated rooms or ample storage.
2. How are the property taxes?
The assessed value of $37,200 is below the street average, which typically correlates with lower property taxes. This can be a financial advantage compared to neighboring homes.
3. What does the sale history indicate?
The home sold between $300k–$350k in 2020 and $250k–$300k in 2016. This shows appreciation, but for precise price analysis, the exact sold figures are needed to understand its market trajectory fully.
4. Is the lot a good size?
At just over 5,000 sqft, the lot is fairly standard for the Meadows area. It’s not the largest on the block, but it provides a balanced amount of private outdoor space for a single-family home.
5. How does it compare to the rest of the city?
City-wide, this home is older than about 75% of properties, which can be a mark of established character but also suggests potential for older components. Its assessed value and lot size are both close to the Winnipeg median, making it a very middle-of-the-road property in the broader market context.