Property Overview
This home at 402 Kildonan Meadow Drive stands out for its above-average size and modern build within its context. Built in 2012, it is a notably newer property compared to most in the wider Meadows area and across Winnipeg, placing it in the top 1% of its immediate neighbourhood for year built. This suggests updated building standards, newer major systems, and less immediate need for renovations. With 1,778 sqft of living space, the home offers more room than the typical house in the area, ranking in the top 15% locally. The lot size is average for the community, providing standard outdoor space without extensive maintenance demands.
Its appeal lies in this combination of a modern, spacious interior within an established neighbourhood. The data indicates a strong and consistent above-average assessed value across street, area, and city comparisons, reflecting its desirability. It would suit buyers looking for a move-in ready home who want the convenience of a newer build but prefer the mature setting of a settled community over a brand-new subdivision. It’s also a practical fit for growing families or those who value more interior space over a very large yard.
Frequently Asked Questions
1. How does this home’s value compare to what it last sold for?
The home sold in the 2020-2021 period for an estimated $400k-$450k. Its current assessed value is $517,000. As assessments and market values differ, consulting a current market evaluation is recommended to understand today’s listing price in context.
2. What does the "Elite" ranking for the year built actually mean?
In the specific "Meadows" area, this 2012-built home is newer than 99% of comparable properties. This is a significant advantage, suggesting newer roofing, windows, HVAC, and electrical systems compared to the neighbourhood average, which could mean lower near-term repair costs.
3. Is the lot size a disadvantage?
The land area is average for the Meadows community. While not an expansive lot, it is consistent with the neighbourhood pattern. This can be an advantage for buyers seeking manageable yard maintenance while still having private outdoor space.
4. The assessed value seems high relative to past sale prices. Is this accurate?
Property assessments are for taxation purposes and use a mass appraisal model. They are an official measure of relative value compared to other homes. This property consistently ranks in the top 13-23% across different scales, confirming it is considered a higher-value home in its peer group. The exact market value is determined by current sale conditions.
5. What are the less obvious benefits of a home built in 2012 in this area?
Beyond just being modern, a home of this age in an older neighbourhood often benefits from established landscaping, mature trees, and settled community dynamics. You get the infrastructure and efficiency of newer construction without the raw, unfinished feel of a brand-new development, and you avoid the potential lot levy and utility challenges sometimes found in the newest suburbs.