Property Overview: 451 Kildonan Meadow Drive
Key Characteristics & Appeal
This 1,261 sqft home, built in 2011, offers a modern foundation in Winnipeg's Meadows neighbourhood. Its primary appeal lies in its balanced, above-average positioning across several key metrics when compared to the wider city. While the living space is comfortably average for the area, the property stands out for its newer construction (ranking in the top 5% of its neighbourhood and top 10% city-wide for year built) and its generous 6,178 sqft lot, which is larger than most nearby and city comparables. The assessed value sits in a competitive range, performing better city-wide than locally.
This balance makes the home particularly suited to buyers seeking a relatively contemporary build without the premium of a brand-new property, and who value outdoor space. It’s a practical choice for first-time homeowners or small families looking for a move-in-ready canvas in a settled community, where the major systems and structure are likely in good condition, potentially reducing near-term maintenance concerns compared to older stock. The historical sale data suggests steady value appreciation, pointing to its stability as an investment.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,261 sqft, the living area is very close to the city-wide average but is somewhat smaller than the immediate street average. It represents a efficient, mid-sized layout typical of its build era.
2. The assessed value seems low compared to the last sale price. Why is that?
Municipal assessed value for tax purposes often lags behind current market values and uses a different valuation method. The 2024 sold price range is a more accurate reflection of its recent market worth.
3. What does the "Elite" ranking for Year Built in the neighbourhood mean?
It indicates this 2011-built home is among the newest 5% of comparable properties in the Meadows area, where the average benchmark home was built around 1990. This is a significant advantage in terms of modern building standards and component age.
4. Is the large lot a standout feature?
Yes. The lot size ranks above average on the street, in the neighbourhood, and city-wide. This offers more private outdoor space than many comparable properties, which is a valued and less common feature in this price and size segment.
5. What is the price trend for this property?
Public records show a sold price between $300k-$350k in 2016 and $450k-$500k in 2024. This indicates a pattern of value growth over an 8-year period, consistent with broader market trends.