Property Overview: 150 Irving Place, Winnipeg
Key Characteristics & Buyer Profile
This one-and-a-half storey home, built in 1927, presents a practical opportunity in Winnipeg's Kildonan Drive area. Its key characteristic is value, with an assessed value significantly below the averages for its immediate street and neighborhood. The home features 1,218 sqft of living space and sits on a 5,001 sqft lot, both of which are modest compared to nearby properties, contributing to its lower valuation. A recently renovated basement and a detached garage are noted positives.
The primary appeal lies in its affordability and potential. It suits first-time buyers or investors seeking an entry point into the market with a character home. The below-average costs for the area could allow for budget-conscious updates. A thoughtful perspective is that its smaller scale and lot, while not leading in rankings, offer lower maintenance—a practical fit for those prioritizing time or financial resources for other pursuits. It’s a home for a buyer who sees a solid foundation and value over immediate size or modern comparison.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighborhood average?
The assessment is influenced by several factors visible in the data: the home's living area is smaller than most on its street, the lot size is below the local average, and it is one of the older homes in the area. These combined characteristics result in a lower assessed value relative to neighbors.
2. Has the home’s value appreciated?
Based on available sold price data, the home sold in the $23.5k-$26.5k range in August 2017. Its current assessed value of $31.30k suggests an increase in that timeframe, though market conditions and any improvements should be considered.
3. What does the ranking data (e.g., "Top 97%") actually mean?
Phrases like "Top 97%" for assessed value on Irving Place mean this home's value is in the bottom 3% of the 32 comparable properties on that street—or, put simply, it has one of the lowest assessments on the block. A higher percentage rank indicates a higher standing (e.g., Top 10% would be among the best).
4. Is the smaller lot size a major disadvantage?
It depends on your needs. While the lot is below the spacious average for Kildonan Drive, it is closer to the city-wide average. It may mean less yard maintenance and gardening, which could be an advantage for some buyers.
5. How can I find out the exact historical sale price?
The precise sale price is not published in the public data. As noted, you can provide your email to the listing service to request that information manually; they state they do not use emails for unsolicited marketing.