Property Overview: 117 Kildonan Meadow Drive

Key Characteristics & Appeal

This home presents a practical opportunity in Winnipeg's Meadows neighborhood. Built in 1986, it is one of the older homes on its street, which may appeal to buyers interested in established communities with mature landscaping. The 1,270 sqft living space is modest but competitively sized for the city overall. A notable feature is the 5,798 sqft lot, which is larger than many in the immediate area and offers above-average outdoor space for the neighborhood.

Its appeal lies in its balance and potential. The assessed value is notably lower than the street average, which could indicate a different valuation approach or present an opportunity. The home last sold in the $400k-$450k range in 2024, positioning it as a more accessible entry point into the area. It would suit first-time buyers or downsizers looking for a manageable footprint with a generous yard in a settled area. It’s also a candidate for buyers with a vision for gradual updates, as the older vintage might allow for personalization.

Frequently Asked Questions

1. Is the lower assessed value compared to the street average a concern?
Not necessarily. Assessed value is used for property tax calculation and doesn't always equal market value. It can reflect the home's older age or different characteristics. The 2024 sale price is a more current indicator of its market worth.

2. How does the age of the home (1986) affect things?
A home of this age may have undergone some updates, but buyers should budget for potential maintenance or modernization of components like windows, roof, and mechanical systems. Conversely, it often comes with a larger lot and more established greenery than newer builds.

3. The lot size is mentioned as "above average" for the area. What does that mean practically?
With a lot size ranking in the top 25-29% locally, you likely have more private outdoor space than many neighbors. This is a significant advantage for gardening, recreation, or future additions like a deck or shed.

4. What does the "Sold Price" ranking tell me?
The sold price ranks in the top 21-38% across different comparisons, meaning it sold for more than a majority of similar listings. This suggests the market recognized its value, potentially due to its lot size, condition, or specific location on the street.

5. Where can I see more context about the immediate neighborhood?
You can open the dedicated neighbourhood analysis page for a map view to compare this property directly with nearby homes in terms of year built, size, and lot dimensions.