Property Overview: 18 Del Rio Place
Section 1: Key Characteristics & Appeal
This one-storey home, built in 1956, presents a practical opportunity centered on its land and value. With 1,025 sqft of living space, the house itself is modest and below the average size for both the neighborhood and the city. However, its key asset is a generous, approximately 10,800 sqft lot, which ranks within the top 5% of all residential lots citywide for size. This offers significant outdoor space and potential. The home features a renovated basement and a detached garage.
Its primary appeal lies in this land-to-value proposition. The property’s assessed value is strong for its immediate area and street, suggesting a solid foundation of municipal valuation. Recent sale history indicates notable price appreciation over the last several years. This property would best suit a value-conscious buyer who prioritizes land size over a large existing footprint—ideal for someone with long-term renovation or expansion plans, gardening interests, or who simply desires more private outdoor space than is typically available in the city. It’s a home that offers more future potential than immediate grandeur.
Section 2: Frequently Asked Questions
1. Is the living space too small?
At 1,025 sqft, the home is cozier than the average Winnipeg house. The renovated basement provides additional functional space, making it more suitable for smaller households, first-time buyers, or those comfortable with efficient living.
2. What does the lot size actually mean for me?
A lot of this scale (over a quarter-acre) is uncommon in the city. It provides ample room for gardening, recreation, adding a sizable shed or workshop, and even future additions like a deck, sunroom, or garage expansion, subject to zoning.
3. How stable is the property's value?
The assessed value is above average for the local area, and the sold price data shows a clear upward trend from 2017 to 2023. This suggests the property has been gaining value in a stable, established neighborhood.
4. What are the considerations with a 70-year-old home?
Built in 1956, the core systems (roof, plumbing, electrical, insulation) may require scrutiny or updates, even with a renovated basement. A thorough inspection is essential to understand the condition and plan for any necessary maintenance.
5. Who are the typical neighbors?
The nearby properties on Del Rio and Irving Place are similarly aged, primarily single-family homes. The lot sizes on this street and in this part of Kildonan Drive tend to be larger than the city norm, indicating a established, low-density residential character.