157 Irving Place

Property Overview: 157 Irving Place, Winnipeg

Key Characteristics & Buyer Appeal

This well-situated one-storey home in Kildonan Drive presents a practical and comfortable living proposition. Its key features include a renovated basement, an in-ground pool, and a detached garage, all on a generously sized lot that is notably larger than most city-wide averages. Built in 1985, the home is significantly newer than most in its immediate neighborhood and across the wider Kildonan Drive area, suggesting more modern construction and potentially lower immediate maintenance needs.

The appeal lies in its balance of space, updates, and recreational amenities. The renovated basement adds flexible living space, while the pool offers a private retreat. The data reveals a thoughtful perspective: the home's assessed value ranks "above average" to "elite" for its area, indicating that municipal assessment recognizes its relative worth compared to neighbors, even though the living space is of average size. This points to value being derived from the lot size, updates, and amenities, not just square footage.

This property would suit buyers looking for a move-in-ready home with outdoor leisure space, who value a larger, private yard over a massive interior footprint. It's ideal for small families, empty-nesters, or anyone seeking a single-level layout with room to entertain and relax outdoors without leaving home.

Frequently Asked Questions

1. How does the home's value compare to others on the street?
The assessed value is in the top 19% on Irving Place, meaning it is officially valued higher than most direct neighbors. This is influenced by its newer construction (1985 vs. a street average of 1961), the renovated basement, and the pool.

2. Is the lot size typical for the area?
The lot is above average. At over 9,000 sqft, it ranks in the top 15% within the Kildonan Drive area and the top 8% city-wide, offering more private outdoor space than most Winnipeg homes.

3. What does the "Elite" ranking for Year Built mean?
In the Kildonan Drive area, a 1985 build year is in the top 3%. This means the home is among the newest in a neighborhood with many older homes, which can be an advantage for systems, insulation, and overall condition.

4. The last sold price range shows a significant increase over the assessed value. Why?
The assessed value (for municipal tax purposes) often lags behind the current market. The sold price from late 2023 reflects what a buyer actually paid in the open market at that time, which was substantially higher, indicating strong market demand for properties with these features.

5. What is the main trade-off with this property?
The living area is average in size for the city. The value proposition is not maximized interior square footage, but rather the combination of a modern(ish) build, a premium lot, and desirable amenities like the pool and basement renovation on a single level.