Property Summary: 205 Kildonan Meadow Drive
Section 1: Key Characteristics & Appeal
This home presents a compelling mix of space, value, and potential. Its most standout feature is the exceptionally large lot of over 11,500 sqft, which ranks in the top 1% for the local Meadows area. This offers rare outdoor space for gardens, recreation, or future expansion. The living area of 1,479 sqft is comfortably above the city average, providing ample room for a family.
The appeal lies in this unique combination: a house with above-average interior space on a lot that is truly a rarity in the city. Its assessed value is notably high for its immediate area, suggesting the municipal assessment recognizes its premium lot size and solid structure. Built in 1987, the home is from an era of reliable construction but likely presents an opportunity for updates to suit modern tastes.
This property would best suit buyers who prioritize private outdoor space over a brand-new build. It’s ideal for a family seeking room to grow, a gardener, or someone who values long-term potential. It’s a property where the land is a significant portion of the asset, appealing to those with a vision for making a home their own over time.
Section 2: Frequently Asked Questions
1. Why is the assessed value so high compared to nearby homes?
The assessed value is in the top 4% for the street, largely due to the property's elite-sized lot. Municipal assessments factor in land value significantly, and this lot is more than double the street average.
2. What does the sale history indicate about the property's value trend?
The home sold in the $500k-$550k range in 2021 and $350k-$400k in 2020. This sharp increase aligns with the peak market period and suggests the property's unique attributes (especially the lot) saw strong appreciation when demand was high.
3. Are there any concerns with a home built in 1987?
A home of this age is typically solidly built but will have components, like the roof, windows, and major mechanical systems (furnace, water heater), that are likely at or beyond their typical lifespan and should be inspected for condition and replacement schedule.
4. How does the living space compare to the neighborhood?
At 1,479 sqft, the living area is slightly above the street average and notably larger than the average home in both the broader Meadows area and city-wide. It offers more interior space than most, complementing the vast outdoor space.
5. What is the practical implication of having such a large lot?
While offering excellent privacy and space, a lot of this size requires more maintenance for landscaping and snow clearing. It also may present opportunities not possible on standard lots, such as adding a substantial garage, workshop, or even subdividing, subject to city zoning approvals.