Property Overview: 191 Leighton Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home in Kildonan Drive stands out for its generous proportions, both in its living space and on its lot. With 1,720 sqft of living area, it offers significantly more room than most comparable homes on its street and in the wider area. The property’s most notable asset is its large 7,042 sqft lot, placing it in the top 3% of properties on Leighton Avenue for land size. This provides substantial outdoor space and potential. The home also features a renovated basement and a detached garage.

Its appeal lies in offering above-average space and a sizable yard in an established neighborhood. The home’s assessed value ranks highly locally, suggesting it is viewed as a substantial asset within its immediate context. However, it’s important to note the home was built in 1921, so it likely combines classic character with a need for ongoing maintenance or updates suited to an older structure.

This property would best suit a buyer looking for a home with room to grow or garden, who values established neighborhoods and is prepared to appreciate the charms and responsibilities of a century-old home. It’s a practical choice for those prioritizing indoor and outdoor space over a newer build.

Section 2: Frequently Asked Questions

1. How does the age of the home (built 1921) impact its value and condition?
While the older construction date places it below the area average for year built, this is balanced by its high assessed value and above-average living area. It suggests a home that has been maintained as a viable, substantial property, but buyers should budget for potential updates to systems like plumbing, electrical, or insulation that are typical for a home of this era.

2. What does the high assessed value relative to the street indicate?
With an assessed value in the top 1% on Leighton Avenue, this property is considered significantly more valuable than its immediate neighbors. This often reflects its larger lot and living space. It’s a positive indicator for equity, but may also relate to a higher property tax bill.

3. Is the lot size a major advantage?
Yes. The lot is exceptionally large for the street. This not only allows for more privacy, gardening, or recreational space but also represents long-term value, as land size is a fixed commodity. It could also provide future potential for additions, depending on zoning.

4. The last recorded sale was in 2016. What should I consider?
The sale price from nearly a decade ago is not indicative of current market value. The substantial increase in assessed value since then highlights significant appreciation, but for an accurate current price, a comparative market analysis based on recent sales is essential.

5. How does this home compare to the average Winnipeg property?
City-wide, this home offers more living space and a larger lot than average. Its assessed value is also above the city median. This positions it as a more spacious property within the Winnipeg market, though its age is greater than the typical city home.