Property Overview: 2 Kenneth Street, Crescent Park, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Crescent Park is a classic post-war property built in 1950, offering a renovated basement and a detached garage. With 1,119 sqft of living space on a 5,992 sqft lot, its metrics are consistently "around average" when compared to the neighborhood and city, presenting a solid, no-surprises footprint. The appeal here is grounded in stability and potential. It sits on a street where homes are of a similar vintage and scale, suggesting a stable, established streetscape. The renovated basement adds immediate functional living space, a valuable asset in a home of this size.
This property would suit a first-time buyer or a downsizer looking for a manageable, character home in a mature neighborhood without the premium price tag of a newer build or a larger lot. It’s also a sensible candidate for a long-term holder who values the consistency of Crescent Park and sees the value in a home that has already seen some updates (like the basement), while leaving room for personalization over time. A less obvious perspective is that its "average" rankings across the board can be a strength—it’s less likely to be over-improved for the area, reducing the risk of overcapitalizing on future renovations, and it represents a straightforward entry into a desirable community.
Section 2: Frequently Asked Questions
1. How does the assessed value relate to the likely sale price?
The assessed value is for municipal tax purposes and is typically lower than market value. Recent sale prices on the street provide a more current benchmark for what buyers are willing to pay.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the quality of the finish, the permits, and whether it includes added amenities like a bathroom or legal secondary suite.
3. Is the lot size a disadvantage?
At just under 6,000 sqft, the lot is below average for the street but around average for the city. It offers a balance of outdoor space without the extensive maintenance of a larger yard, which can be a plus for many.
4. As the newest home on the street, should I be concerned about its age?
Built in 1950, it is the youngest home on Kenneth Street. While still a mature property, this relative "newness" compared to immediate neighbors could mean slightly newer building materials and systems, though a thorough inspection is always recommended.
5. What is the significance of the consistent "around average" rankings?
This consistency indicates the property is typical for the area, not an outlier. This can translate to predictable property taxes, easier comparables for financing and insurance, and a good understanding of the home's standing in the community.