Property Overview: 116 Kings Drive, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This two-storey home in Fort Richmond is defined by its generous living space and established neighborhood setting. Its nearly 3,000 sqft of living area places it in the top tier of homes locally, offering ample room for family life, entertaining, or dedicated work-from-home spaces. A key feature is the renovated basement, which adds significant modernized living area. The home sits on a well-sized lot that is above average for the city, providing good outdoor space, though it is more modest compared to some larger properties on the same street.
The appeal lies in acquiring a spacious, solidly built (1970) home in a mature area, where the interior space significantly outpaces local and city-wide averages. It suits buyers looking for a "move-in ready" size without necessarily needing a massive yard, such as growing families, professionals who value dedicated office space, or those downsizing from an even larger property who still want ample room. A thoughtful perspective is that its above-average city-wide land area, combined with its elite ranking for living space in Fort Richmond, suggests a property that maximizes its usable footprint efficiently. The attached garage and recent sale in mid-2024 also indicate a turnkey property in a stable market.
Frequently Asked Questions
1. How does the lot size compare?
While the 8,667 sqft lot is above average for both Fort Richmond and Winnipeg overall, it is below the average for Kings Drive itself, where many properties are larger. This suggests a home that prioritizes interior space over extensive grounds.
2. What does the "Elite" ranking for Living Area mean?
It means this home is in the top 1% of all homes in Fort Richmond by square footage, and also the top 1% city-wide. This is the property's most standout statistical feature, indicating exceptional interior size for the area.
3. Is the assessed value a reliable indicator of the sale price?
Not directly. The assessed value (for tax purposes) is $60.40k, but the home sold for between $655k and $685k in June 2024. Always rely on recent sale prices and a professional appraisal for market value.
4. What is the significance of the renovated basement?
It adds modern, finished living space to an already large home. This increases its functionality and appeal, likely contributing to its "move-in ready" status and recent sale price.
5. Who would this home not suit?
Buyers seeking a very new build, those who prioritize a vast, sprawling yard above all else, or anyone looking for a project home. This is a spacious, established property with modernized touches, not a full renovation candidate or a brand-new construction.