Property Overview: 663 Kildonan Drive
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1950, featuring a renovated basement and a detached garage. With 772 square feet of living space, it is notably smaller than most homes on its street and in the wider area. The property sits on a 4,965 sqft lot, which is also below average for the immediate neighborhood but aligns more closely with typical city lot sizes. Its assessed value is significantly lower than area averages, reflecting its modest scale.
The primary appeal lies in its affordability and efficiency. It represents a genuine entry point into the Winnipeg market, particularly for the Kildonan Drive area, where most homes are larger and command higher prices. This property suits first-time buyers, downsizers, or investors seeking a low-maintenance footprint with renovation potential. Its renovated basement adds functional space, and the detached garage offers utility or storage. A thoughtful perspective is that its below-average metrics for the street could provide a measure of insulation from the highest property taxes in the area, while still offering location benefits. It’s a practical choice for those prioritizing financial accessibility over square footage.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than neighboring homes?
The assessed value is primarily based on the home's relatively small size (both the building and the lot) compared to other properties on Kildonan Drive, which generally feature larger homes on more expansive lots.
2. What does "renovated basement" include?
The listing confirms the basement has been renovated, but the specific finishes and layout are not detailed here. A viewing or inquiry with the listing agent is necessary to understand the full scope of the renovation.
3. Is the smaller lot size a major disadvantage?
While the lot is smaller than others on the street, it is still a useable size for a garden or patio and is actually close to the average lot size citywide. It translates to less yard maintenance, which can be an advantage for many buyers.
4. How does the sold price history inform the current value?
The home sold in 2016 and again in 2021, each time at a price range well below area averages. This history reinforces its position as a consistently more affordable option in the neighborhood, useful for understanding market trends for smaller homes in the area.
5. Who would this property not be suitable for?
It would likely not suit buyers who need multiple bedrooms, ample storage, or generous living areas, or those who prioritize having a large yard. Families needing space to grow may find it too compact.