Property Overview: 88 Mckellar Drive, Winnipeg
Key Characteristics & Appeal
This 1,596 sqft home, built in 2018, presents a compelling mix of modern convenience and relative value. Its primary appeal lies in its above-average condition and newer construction compared to most of Winnipeg, while being priced below the norm for its immediate neighborhood of Ridgewood South.
The home is modern, ranking in the top 4% city-wide for year built, meaning buyers can expect fewer immediate maintenance concerns compared to the city's average home from 1966. It offers comfortable space, with a living area above the city average. The assessed value of $463k is above average both for the street and city-wide, but notably below the neighborhood average of $560k, suggesting a potential value opportunity within this specific area.
The lot size of 3,666 sqft is smaller than typical for both the neighborhood and the city, which translates to less yard maintenance—a plus for some—but may limit expansion or outdoor space. The home last sold in mid-2022 for an estimated $600k-$650k, a price point that was in the top tier city-wide at the time.
This property would suit buyers seeking a modern, move-in-ready home without the premium often attached to new builds in newer subdivisions. It’s ideal for those who prioritize a contemporary interior over a large yard, and for value-conscious purchasers looking at established neighborhoods where this home stands out as one of the newest on its street.
Frequently Asked Questions
1. How does the lot size impact the property?
The lot is significantly smaller than the neighborhood average (ranking in the top 98%, meaning 98% of area lots are larger). This means lower maintenance but less private outdoor space. It’s a practical choice for those not wanting extensive yard work, but less ideal for those dreaming of large gardens, pools, or additions.
2. Is the assessed value a reliable indicator of the listing price?
Not directly. The assessed value of $463k is for municipal tax purposes. The home last sold for an estimated $600k-$650k in 2022, which is a more relevant, though historical, market benchmark. Current market conditions will determine the final price.
3. What does it mean that the home is "below average" for the neighborhood?
This specifically refers to living area and lot size being smaller than the Ridgewood South average, and the assessed value being lower. This isn’t necessarily negative; it can mean the home is more affordable and efficient than many larger, potentially older homes in the same area, offering modern amenities in a more manageable package.
4. How can I verify the exact past sale price?
The site provides sold price ranges for non-members. To obtain the exact sale price and full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS system.
5. The home is newer than most in Winnipeg. Are there any trade-offs?
Yes. The trade-off for a newer home (2018) in this established area is typically a smaller lot, as seen here. Older homes in the same neighborhood often sit on much larger parcels of land. You’re choosing modern construction and systems over expansive land.