Property Overview: 90 Kings Drive, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This property presents a unique profile defined by a significant contrast between its modest home and its exceptional lot. The house itself, built in 1941, is compact at 1,131 sq ft, making it smaller than most in the immediate area. This suggests a home that may require modernization or thoughtful renovation to suit contemporary needs. However, its true and rare appeal lies in the land. The lot is an expansive 79,677 sq ft (approximately 1.83 acres), placing it in the top 1% of properties in Fort Richmond and citywide for land area. This creates a compelling value proposition where the assessed value ($498k) is significantly supported by the land itself, ranking well above area and city averages.
The property suits two primary types of buyers. First, it’s ideal for a buyer with a vision for the land—someone seeking privacy, space for gardens, hobbies, or future expansion, who views the existing house as a functional starting point or a candidate for a major remodel. Second, it appeals to the value-conscious buyer who understands that in this market, land is the appreciating asset, and they are willing to invest sweat equity or phased renovations into the dwelling over time. Its appeal is less about move-in-ready perfection and more about long-term potential and the rare opportunity to own a substantial parcel within the city.
Section 2: Frequently Asked Questions
1. Is the house in livable condition?
The data provided does not include a condition report. Given the home's age (85 years), prospective buyers should budget for a thorough inspection to assess the state of major systems like plumbing, electrical, and the foundation, and to plan for any necessary updates or repairs.
2. Why is the assessed value high for a smaller, older home?
The assessment reflects the property's exceptional land value. The lot size is extraordinarily large for Winnipeg, and city assessments heavily factor in land value. You are effectively purchasing a premium piece of real estate with a smaller, older home on it.
3. What can the land be used for?
The permitted uses would be subject to City of Winnipeg zoning bylaws. While it is likely zoned for single-family residential, the vast size could potentially allow for additions, extensive landscaping, outbuildings (subject to permits), or future subdivision if zoning allows. This would require direct verification with the city planning department.
4. How does the property compare to others on Kings Drive?
It is an outlier on its own street. While the house is one of the smallest and oldest on Kings Drive, the lot is the largest by a significant margin (ranked 1st of 35 for land area). This indicates the street has a mix of larger, newer homes on more standard-sized lots and this unique, land-rich property.
5. How can I get exact historical sale prices for this home?
As noted on the detail page, exact sold price history is not displayed publicly due to data source rules. You can request the exact figures by email through the site. The provider will manually look up the information and send it to you, typically by the end of the same business day.