Property Overview: 11 Kildonan Meadow Drive

Section 1: Key Characteristics & Appeal

This home presents a practical and affordable entry point into Winnipeg’s Meadows neighbourhood. Built in 1987, it is a modestly sized bungalow with 1,129 sqft of living space on a 4,160 sqft lot. The data reveals a clear profile: its lot size is notably smaller than most on its street and in the broader area, and its assessed value is below average for its immediate vicinity. This translates to a lower property tax base, which is a key financial consideration.

The appeal lies in its value proposition. It suits first-time buyers or downsizers seeking a manageable home without a premium lot. Its living area is competitive city-wide, suggesting a efficient use of space. The home may attract those who prioritize interior living space over extensive yard maintenance, or investors looking for a rental property with a relatively lower tax burden. It’s a home that offers neighbourhood access without the price tag of the larger, newer properties on the same street.

Section 2: Frequently Asked Questions

1. Why is the assessed value significantly lower than the street average?
The assessed value is influenced by specific property characteristics. Here, the smaller lot size and more modest living area compared to neighbouring homes are the primary factors, resulting in a below-average assessment for Kildonan Meadow Drive.

2. What does the lot size mean for me as a homeowner?
At 4,160 sqft, the yard is compact. This means lower maintenance—less mowing, gardening, and snow clearing—which is a benefit for those seeking simplicity. However, it offers less private outdoor space for activities or expansion compared to other lots in the area.

3. How does the 1987 build year affect the home?
Being nearly 40 years old, major components like the roof, windows, furnace, and plumbing may be nearing or past their typical lifespans. A thorough inspection is crucial. On a positive note, homes from this era often have simpler, more standard layouts and construction methods that can be easier and less expensive to update than older, more complex structures.

4. The home last sold between $250k-$300k in 2016. How useful is that price today?
While it provides historical context, the 2016 sale price is not a reliable indicator of current market value. It does, however, establish a long-term ownership history and a previous price point, which can be part of a broader market analysis conducted with a real estate professional.

5. Who would this property not be ideal for?
It may not suit buyers looking for a large yard, extensive outdoor space, or a home with recently replaced major systems. Families needing significant room to grow, or those wanting a premium lot size, might find the constraints of this property limiting compared to other options in the neighbourhood.