Property Overview: 14 Ike Kraut Place, South Tuxedo
Key Characteristics & Appeal
This modern two-storey home, built in 2019, offers a move-in-ready proposition in the established South Tuxedo neighbourhood. Its primary appeal lies in the combination of new construction benefits—like contemporary building standards and minimal immediate maintenance—within a mature, prestigious area. The home features a renovated basement, an attached garage, and a spacious living area of over 3,100 sqft on a large, 10,235 sqft lot.
The data reveals a compelling value perspective. While the home is newer than 99% of properties in the neighbourhood, its assessed value sits comfortably within the top tier. This suggests you are acquiring a modern property without the premium often associated with brand-new custom builds in such areas. It’s an ideal fit for buyers seeking the space and prestige of South Tuxedo but wanting to avoid the renovation projects common with older homes. It would particularly suit growing families looking for long-term stability, or professionals who value a modern, low-maintenance lifestyle in a prime location.
Frequently Asked Questions
1. How does the assessed value compare to the likely market price?
The assessed value is a municipal figure for tax purposes and is typically below market value. The home last sold in 2020 for $164.8k, and its assessed value has remained stable since. Market price will be influenced by current conditions, the home’s modern condition, and its desirable lot size.
2. What does the lot size mean for potential buyers?
At over 10,000 sqft, the lot is significantly larger than average, ranking in the top 6% in Winnipeg. This offers ample private outdoor space, potential for landscaping or gardening, and a greater sense of privacy—a rare find for a newer build in a central neighbourhood.
3. The home is newer than 99% of the neighbourhood. Is that an advantage?
Yes, primarily in reduced upkeep. You benefit from modern insulation, wiring, plumbing, and building materials, which can mean lower utility costs and fewer major repairs in the near term compared to the area's predominantly older housing stock.
4. How does this property compare to the nearby references listed?
The comparison properties show that 14 Ike Kraut Place offers more living space and a much newer build year than most in Tuxedo/South Tuxedo, while its assessed value aligns with well-situated, older homes. This underscores its value proposition as a modern home in a classic area.
5. Is the renovated basement included in the living area square footage?
Typically, municipal living area (3,119 sqft) refers to above-grade, finished space. A renovated basement adds significant additional functional space (e.g., for recreation, guests, or a home office) but is not usually counted in the official living area figure, representing a valuable bonus.