Property Overview: 7 Litz Place, Winnipeg
Key Characteristics & Appeal
This 1969 four-level split home at 7 Litz Place presents a practical opportunity in Winnipeg's Kildonan Drive area. Its key characteristic is space: with 1,549 sqft of living area, it offers more room than many comparable homes locally and citywide. The property sits on a 5,628 sqft lot, which is notably generous for its immediate street. While the basement is noted as unrenovated and there is no garage, the home’s appeal lies in its solid, above-average footprint and lot size for the neighborhood, offering room to grow or customize.
The home would suit a value-conscious buyer looking for a spacious layout and a larger yard in a mature area, who is comfortable with a home that may require updates. A thoughtful perspective is that the assessed value is currently below average for the street, which could indicate an opportunity for value increase through thoughtful improvements, aligning the home more closely with its peers. It’s a property for someone who sees potential in the existing structure and land, rather than a move-in-ready finish.
Frequently Asked Questions
1. What is the exact recent sold price?
The available public data shows a sold price range from August 2022. For the precise figure, you can request it via email from the listing source, which provides this detail manually.
2. How does the living space compare to nearby homes?
At 1,549 sqft, the living area is above average for homes on Litz Place, in the broader Kildonan Drive area, and across Winnipeg.
3. What does "basement not renovated" imply?
This indicates the basement is in a functional, likely original state from when the home was built. It presents potential for future finishing or customization but will not have modern upgrades.
4. Is the assessed value typical for the area?
The assessed value is around the city-wide and neighborhood average but is below average specifically for Litz Place itself. This suggests the property may be valued conservatively relative to its immediate neighbors.
5. How does the lot size compare?
The 5,628 sqft lot is larger than most on the same street, offering more outdoor space than typical nearby properties, though it is closer to the average when compared to the wider Kildonan Drive area.