Property Overview & Key Characteristics
This two-storey home at 3 Neil Place in Winnipeg's Kildonan Drive area presents a distinct blend of classic charm and above-average space. Its key appeal lies in its generous proportions, both in the 1,752 sqft living area and the nearly 8,000 sqft lot, which rank well above local and city-wide averages. The home features a renovated basement and a detached garage. Built in 1929, it is notably older than most comparable properties, which may suggest solid construction and character but also warrants a careful review of its maintenance and updates.
The property's assessed value places it in an elite tier for its immediate street, indicating it is perceived as a premium holding in the neighbourhood. This home would particularly suit buyers looking for more interior and yard space than is typical, who appreciate the potential of an older, character home, and who value a property with a strong foundational assessment. It's a fit for those comfortable with the stewardship an older home requires, in exchange for established charm and room to grow.
Frequently Asked Questions
1. How does the older year of construction (1929) impact this property?
While the home is older than most in the area, this often means mature landscaping, established neighbourhood character, and solid construction. However, it underscores the importance of a thorough inspection to understand the condition of major systems like plumbing, electrical, and the roof, which may have been updated over time.
2. The assessed value seems high for the street. What does this mean?
The "elite" assessment ranking suggests the municipal valuation views this property as one of the top-tier homes on Neil Place, likely due to its larger size, renovated basement, and substantial lot. This can be a positive indicator of its standing but is not a direct predictor of market selling price.
3. Is the lot size a major advantage?
Yes. At nearly 8,000 sqft, the lot is significantly larger than the average Winnipeg property. This offers ample private outdoor space, potential for gardening, expansions, or additions (subject to zoning), and generally more distance from neighbours—a growing rarity.
4. What should I know about the renovated basement?
While noted as renovated, the specifics of the renovation (quality, permits, moisture control) are crucial. It's important to verify the work done, as basements in older homes can be prone to dampness. A well-done renovation adds valuable finished living space.
5. How reliable are the provided sold price ranges from 2016?
These ranges are based on public data and give a historical benchmark, but the market has likely changed significantly since 2016. For the most accurate, current market valuation, consulting a local real estate professional for a comparative market analysis is essential. The exact past sale price can be requested from the site.