Property Overview: 240 Bredin Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on a mature lot in Kildonan Drive presents a practical and value-oriented opportunity. Its key characteristics include 1,106 sqft of living space, a renovated basement, a detached garage, and a 5,449 sqft lot. Built in 1950, it is one of the newer homes on its specific street, offering a relative advantage in terms of potential updates and systems.
The appeal lies in its grounded positioning. The home's assessed value and living area are notably below average for its immediate street, suggesting it may be one of the more accessible entry points into this neighbourhood. This creates an opportunity for buyers seeking established-area stability without the premium price tag of the largest homes on the block. The renovated basement adds functional living space, a significant asset in a smaller-footprint home.
This property would best suit first-time buyers, downsizers looking for single-level living, or practical investors. It’s for those who prioritize location and lot size over sheer square footage, and who see the value in a home that, while modest in comparison to its neighbours, offers a solid foundation and the character of a mature community.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,106 sqft, the living area is significantly smaller than the average (1,805 sqft) for homes on Bredin Drive itself. However, it aligns more closely with the averages for the wider Kildonan Drive area and the city overall. This indicates a cozier, more efficient layout on a well-sized lot.
2. What does the sold price history indicate?
The home sold in mid-2016 for a price range between $265,000 and $295,000. With a current assessed value of $340,000, this historical data provides a benchmark for market appreciation over a nearly decade-long period, useful for understanding long-term value trends in the area.
3. Is the lot size typical for the area?
The 5,449 sqft lot is smaller than the average lot on Bredin Drive but is very close to the citywide average. It offers a balanced outdoor space that is manageable while still providing room for gardening, recreation, or future additions like a deck or shed.
4. Given it’s a 1950s build, what should I consider?
While it is newer than many homes on its street, a 76-year-old home will still require a thorough inspection of its core systems (roof, foundation, plumbing, electrical) and updates. Its “newer” status within the context of the street is a relative positive but doesn’t eliminate the need for due diligence.
5. Who are the comparable properties?
The listing shows comparables based on assessed value ($340k), not size or style. These similar-value homes are located in various neighbourhoods like Elmhurst and Varsity View. This suggests that at this price point, buyers may be cross-shopping different areas, making the specific appeal of Kildonan Drive’s character and this home’s lot a key differentiator.