Property Overview: 11 Kayhans Drive, Winnipeg
Key Characteristics & Appeal
This 1978 bungalow in River East presents a compact, efficiently sized home at 817 square feet, situated on a 3,121 sqft lot. Its primary appeal lies in its position as an accessible entry point into the Winnipeg market. With an assessed value significantly below area averages—roughly $150k less than neighboring homes—it offers a lower property tax base and an opportunity for buyers priced out of larger homes in the area.
The home suits first-time buyers, downsizers, or investors seeking a straightforward, lower-maintenance property. Its smaller scale means reduced utility costs and upkeep effort. A thoughtful perspective is that while the living space and lot size are below average for the street and neighborhood, this can translate to less time and money spent on maintenance, allowing owners to enjoy the established community of River East without the burden of a larger property. The home last sold in late 2022, indicating a relatively recent market transaction to consider.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value of $240k is for municipal tax purposes. Market value is determined by current buyer demand and recent sales of comparable properties. The home last sold between $250k-$300k in late 2022.
2. How does the smaller living area impact daily living?
The 817 sqft layout requires efficient use of space, typical of many bungalows from this era. It may suit individuals, couples, or a small family comfortable with cozier quarters. The trade-off is often simpler cleaning and lower heating costs.
3. What does the below-average lot size mean for me?
The 3,121 sqft lot is smaller than most in River East. This limits expansive gardening or large outdoor recreation space but simplifies yard work and snow removal, potentially a benefit for those seeking minimal exterior upkeep.
4. Why is the assessed value so much lower than nearby homes?
The assessment reflects this specific home’s characteristics—its smaller size, lot dimensions, and age—compared to the larger, higher-valued homes that dominate the area averages. This generally results in proportionally lower property taxes.
5. Where can I get verified sale price history for this home?
The site provides sold price ranges based on public data. For fully verified figures and exact transaction history, you must request a manual lookup via email, as MLS records are not displayed here due to industry rules.