Property Overview

This home at 3 Kildonan Meadow Drive presents a distinct value proposition centered on its generous lot. Built in 1993, the 954 sqft bungalow sits on a notably large 7,631 sqft parcel, which is well above average for both the immediate street and the wider Meadows area. This creates a clear contrast: the living space is modest and below typical sizes for the neighbourhood, while the outdoor space is a significant asset. The assessed value is positioned below average on its street but aligns more closely with area and city-wide averages.

Its primary appeal lies in this land-to-structure ratio. It’s a property for buyers who prioritize outdoor potential—gardening, expansion, or simply having ample private space—over a large interior footprint. It would suit a downsizer seeking manageable living space without sacrificing yard size, a first-time buyer or investor comfortable with a smaller home to gain a premium lot, or a hands-on owner with future renovation or addition plans. The home’s age suggests systems are mid-life, offering modern enough infrastructure without the premium of a brand-new build.

Frequently Asked Questions

1. Is the below-average living area a major drawback?
It depends on your needs. The home offers efficient, single-level living which is easier to maintain and heat. For those who value large yards over large floor plans, the trade-off can be a benefit. However, growing families or those who need multiple dedicated rooms may find it cramped.

2. What does the large lot size actually mean for me?
Beyond extra privacy and recreation space, it provides valuable flexibility. It could accommodate a substantial garden, a storage shed, a play area, or even a future extension (subject to zoning and permit approvals). For the right buyer, the land itself is the key appreciating asset.

3. How does the assessed value relate to the likely selling price?
The assessed value ($38.7k) is for municipal tax purposes and is typically far below market value. A more relevant indicator is the 2020 sale price in the $300k-$350k range. The current market price will be influenced by current conditions, the home’s condition, and the value buyers place on the large lot.

4. The home is older; what should I be concerned about?
A 33-year-old home will have components nearing the end of their service life. A thorough inspection should focus on the roof, windows, HVAC system, and major appliances. On the positive side, its construction date means it likely avoids some older building materials and techniques used in much older Winnipeg homes.

5. How does this property compare to others on the street?
The data shows it has one of the largest lots on Kildonan Meadow Drive (ranked 17th out of 140 for size) but one of the smallest homes (ranked 136th out of 140 for living area). This unique positioning means direct comparisons are difficult—it offers something most neighbours do not (land) while lacking in another common area (interior square footage).