Property Overview: 4 Litz Place, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This one-storey home in the Kildonan Drive area presents a practical and comfortable living space. Its key characteristics include a renovated basement, a detached garage, and a 1,433 sqft footprint on a 5,624 sqft lot, built in 1969. The appeal lies in its solid, above-average positioning within its immediate neighborhood. The home’s assessed value ranks in the top 21% for the Kildonan Drive area, suggesting it is a well-regarded property on its street and in the broader locale. The recently renovated basement adds modern living space without the need for immediate updates.
This property would suit a buyer looking for a move-in ready, single-level home in an established neighborhood. It’s ideal for those who value space and privacy offered by a detached garage and a decent-sized lot, perfect for gardening or outdoor relaxation. A thoughtful perspective is that while the home’s size is average citywide, its strong assessed value ranking locally indicates a perceived quality and desirability on Litz Place that may not be immediately obvious from square footage alone. It represents a stable, middle-ground option—not the largest or newest, but a competitively positioned home in its community.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 1,433 sqft, the living area is very close to the average for both Litz Place (1,423 sqft) and the wider Kildonan Drive area (1,364 sqft). It offers a comfortably sized layout typical for the neighborhood.
2. What does the assessed value ranking tell me?
The assessed value of $42.80k ranks in the top 18% on its street and top 21% in the Kildonan Drive area. This generally indicates the property is valued higher than many of its direct peers, which can reflect factors like lot desirability, condition, or improvements.
3. Is the lot size a pro or a con?
The lot is just under 5,700 sqft. It’s average for Litz Place but smaller than the average lot in the broader Kildonan Drive area. This means ample private outdoor space for a city home, though it may not be as expansive as some other properties in the wider district.
4. When was it last sold and for how much?
The home sold in June 2024. The exact sold price is available upon request from the listing service, but public data indicates a range between $47.50k and $50.50k at that time.
5. The home was built in 1969. What should I consider?
While the basement has been renovated, the core structure is over 50 years old. Prospective buyers should focus on the condition of major age-related components during an inspection, such as the roof, foundation, and plumbing/electrical systems, beyond the updated finishes.