Property Overview: 61 Appleton Street, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 61 Appleton Street is a practical property that stands out for its value proposition within the Kildonan Drive area. Built in 1968, its 1,226 sqft of living space is modest, particularly for its immediate street, but it benefits from a renovated basement. The lot size of 5,630 sqft is smaller than others on Appleton Street but is fairly typical for Winnipeg overall. A key characteristic is its financial profile: the home’s assessed value is notably above the average for the Kildonan Drive area, yet it sits within the city-wide average. This suggests a perceived solid value for the neighbourhood, potentially due to updates or its specific location.
The appeal lies in its position as a manageable, updated starter home or downsizing option in an established area. It suits buyers looking for a foothold in a neighbourhood without the maintenance of a larger property or yard. It would also attract value-conscious investors or first-time buyers who prioritize a renovated space over square footage, especially given that its last recorded sale was in the $30k-$33k range nearly a decade ago, indicating significant assessed value growth.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to the area?
While the living area is below average for Appleton Street itself, it is much closer to the average size for both the broader Kildonan Drive area and the city of Winnipeg as a whole. It’s a compact home relative to its direct neighbours but typical for the wider community.
2. What does the assessed value tell me?
The assessed value of $41.80k is above the average for Kildonan Drive, ranking in the top 23% of homes there. This can indicate that assessors attribute good relative value to this property within its immediate area, possibly due to the renovated basement or other factors not fully detailed in the basic metrics.
3. Is the lot size a disadvantage?
The lot is the smallest on Appleton Street. For some, this means less yard maintenance and a more manageable outdoor space. For others seeking extensive gardening or outdoor recreation space, it could be a limitation. It is, however, close to the city-wide average lot size.
4. The home sold for around $30k-$33k in 2016. What does that mean today?
The significant gap between that last sale price and the current assessed value highlights substantial market movement over the past decade. It underscores the importance of a current market evaluation to understand today’s fair market value, which can differ from the assessed value for taxation purposes.
5. Who would this property not suit?
Buyers needing significant living space or a large, private yard may find this property limiting. Its compact size and smaller lot make it less ideal for large families or those who prioritize spaciousness over location and renovation. It is best suited for those with simpler space requirements.