Property Summary: 15 Kayhans Drive, River East, Winnipeg

Section 1: Key Characteristics & Appeal

This 1978-built home in River East presents a straightforward, entry-level opportunity in the Winnipeg market. Its key characteristic is its modest scale: at 836 square feet on a 3,122 sqft lot, it is notably smaller than most homes on its street, in the neighborhood, and across the city. This is reflected in its assessed value of $244k, which sits well below area averages.

The primary appeal lies in its affordability and efficiency. It suits first-time buyers, downsizers, or investors seeking a lower-cost point of entry into a stable neighborhood. The home’s year-built is slightly above average for the street, suggesting it may have relative modernity in its core structure compared to immediate neighbors. A thoughtful perspective for the right buyer is the manageable upkeep—both in terms of maintenance costs and physical effort—due to the smaller footprint and lot size. It represents a practical, no-frills option where the value is in the land and location rather than expansive living spaces.

Section 2: Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $244k is a starting point for municipal tax calculation, not a market appraisal. Given it's significantly below area averages, it suggests a pricing advantage, but the final sale price will depend on market conditions, the home's interior condition, and recent comparable sales.

2. How much should I be concerned about the below-average living area?
This depends entirely on your needs. For a single person, couple, or someone downsizing, 836 sqft can be sufficient and efficient. For a growing family, it will likely feel cramped. Consider it a trade-off for the lower price point and easier maintenance.

3. The home last sold between 2017-2022 for an estimated $200k-$250k. What does that history tell us?
It indicates the property has been a consistent, affordable option in the area. The price band suggests its market value has remained relatively stable within that range over the last several years, which can be appealing for buyers seeking a predictable, lower-volatility investment.

4. What are the potential upsides of a smaller lot?
A smaller lot (3,122 sqft) means less yard work, lower landscaping costs, and potentially lower property taxes tied to land value. It can be a benefit for those who prefer minimal outdoor maintenance or who prioritize indoor living space over yard space.

5. Where can I get verified historical sale data for this property?
The public data shows sold price ranges. For the exact sale history and figures, you must request a manual lookup from the site provider, as they do not display full MLS records due to industry rules. This information is available by email request.