Property Overview: 189 Kingsway, Crescentwood
Key Characteristics & Appeal
This is a classic two-and-a-half storey home built in 1911, situated on a generous 6,521 sqft lot in the established Crescentwood neighbourhood. With 2,384 sqft of living space and a renovated basement, it offers a blend of historic character and updated utility. The home’s standout feature is its scale relative to the wider city; its living area places it in the top 4% of all Winnipeg homes, offering substantial roominess that is more typical within its prestigious area. Its detached garage adds practical value.
The appeal lies in its quintessential Crescentwood location—a quiet, tree-lined street known for its heritage homes and central proximity to parks, the river, and amenities. The data suggests it is a solid, representative property for the street and area, not an outlier in size or assessed value, which can be appealing for buyers seeking a balanced entry into a desirable neighbourhood without extreme premium. It would particularly suit buyers who value space and location over new construction, appreciate the potential of a character home, and are looking for a property that holds its own in a competitive city-wide market while being comfortably average among its immediate, high-calibre peers.
Frequently Asked Questions
1. How does this home compare to others on Kingsway?
The home is consistently around average for the street in key metrics like living area, assessed value, and land size. It’s not the largest or newest on the block, but it is a firmly established property in the middle of the pack for this sought-after location.
2. The assessed value seems low. Is that accurate?
Yes, the assessed value listed is from the municipal valuation system, which is often significantly lower than current market value. This is standard for older homes in Winnipeg. The home’s last sale price in March 2023 was $610,000, which is a more relevant indicator of its market worth.
3. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but the specific scope and finish are not detailed here. This would be a key point for your viewing and for discussions with the listing agent to understand the quality, layout, and whether it includes a legal suite or additional living space.
4. Is the lot size a pro or con?
At over 6,500 sqft, the lot is above average city-wide and provides ample outdoor space. However, it is slightly smaller than the average lot for both Kingsway and Crescentwood. This means you still get a very sizable yard, but not necessarily the largest in the immediate area.
5. Given its age, what should I be mindful of?
Built in 1911, the home will have the charm and potential quirks of its era. While the basement has been renovated, a thorough inspection of major systems (roof, plumbing, electrical, foundation) and the main house’s structure is essential to understand any needed updates or maintenance inherent to a 115-year-old property.