Property Overview: 30 Kings Drive, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated Fort Richmond home presents a compelling mix of space, location, and value. Its key characteristic is an exceptionally large, private lot of over 28,500 sq ft—a rarity that places it in the top 1% of properties in both the neighborhood and city-wide. The house itself is a renovated one-storey bungalow with 1,379 sq ft of living space and an attached garage. While the living area is modest compared to some immediate neighbors, the home’s assessed value of $650k is notably above average, reflecting the premium placed on its generous land.
The appeal lies in this balance. It offers the low-maintenance convenience of a single-level layout with modern updates, paired with the immense potential of its grounds. This isn't just a backyard; it's a private domain with ample room for gardens, recreation, expansion, or simply enjoying quiet, green space. It suits buyers who prioritize land and privacy over sheer square footage of living area. It would be ideal for downsizers seeking a manageable home without sacrificing outdoor space, or for families or individuals who value room to breathe, garden, or entertain on their own property, all within a mature Winnipeg neighborhood.
Section 2: Frequently Asked Questions
1. How does the lot size compare to a typical city lot?
The lot is approximately four times the size of a standard city lot in Winnipeg, which averages around 6,570 sq ft. This extraordinary size is its most distinctive feature.
2. The living area seems smaller than some neighbors. Is the house outdated?
No, the home features a renovated basement, indicating updates have been made. The living area is actually around the city-wide average. The higher assessed value is driven significantly by the land value and renovations, not just interior square footage.
3. What does the "Elite" ranking for Land Area and Assessed Value mean?
These badges indicate the property performs in the top ~1-5% of all comparable homes in Fort Richmond and city-wide for those specific metrics. For Land Area, it means very few properties offer this much ground. For Assessed Value, it confirms the property is considered high-value within its market.
4. Who determines the assessed value, and is it the same as the market price?
The assessed value is set by municipal tax authorities for taxation purposes. It is a professional estimate of value but is not the same as market price (sale price), which is determined by what a buyer is willing to pay. However, a consistently high assessment relative to peers often correlates with strong market value.
5. The home was built in 1968. Should I be concerned about major repairs?
While the basement renovation is a positive sign, a home of this age will have core systems (roof, plumbing, electrical, foundation) that are near or past a typical lifespan. A thorough inspection is essential to understand the condition and plan for any necessary updates or maintenance.