Property Overview: 78 Kildonan Meadow Drive
Key Characteristics & Appeal
This 1,050 sqft bungalow, built in 1987, sits on a 4,599 sqft lot in Winnipeg's Meadows neighborhood. Its key appeal lies in its position as a competitively priced entry point into a stable area. The home's assessed value of $350k is notably below average for its immediate street and neighborhood, suggesting a potentially lower property tax burden and an opportunity for buyers focused on fundamentals over premium finishes.
The property suits first-time buyers, downsizers, or practical investors seeking a functional home without the premium of a larger or newer build. Its smaller living area and lot size, while below the local averages, translate to less maintenance and lower utility costs—a thoughtful trade-off for those prioritizing efficiency. The home's age places it in a sweet spot: newer than the city-wide average, potentially meaning major components have been updated, yet old enough to be situated in an established community with mature landscaping.
Frequently Asked Questions
1. Is the below-average living area a significant drawback?
While the home is smaller than many on its street, its size is much closer to the neighborhood and city averages. For singles, couples, or small families, the layout may be efficient and cozy, reducing cleaning and heating expenses.
2. Why is the assessed value so much lower than neighboring homes?
The assessed value is a municipal tool for calculating property taxes, not a market price. Its lower assessment relative to the street could indicate a more modest build, fewer upgrades, or a different appraisal timeline. It often results in proportionally lower property taxes.
3. What does the sale history tell us?
The home sold for an estimated $250k-$300k in 2016. The increase to its current assessed value aligns with broader market trends. For the exact sale price, you can request details via the provided email service.
4. How does the 1987 build year affect the home?
Homes from this era often have modern foundations, wiring, and insulation standards. Buyers should still prioritize a thorough inspection for age-related items like the roof, windows, and major mechanical systems, which may be nearing the end of their typical lifespan.
5. Who would this property not suit?
Buyers needing ample indoor space or a large yard for recreation may find it limiting. Similarly, those seeking a move-in-ready home with contemporary, high-end finishes should be prepared that the value here is in the location and lot, not in luxury appointments.