Property Overview: 105 Kingston Row, Elm Park, Winnipeg
Key Characteristics & Appeal
This 1,375 sqft bi-level home at 105 Kingston Row presents a compelling blend of space, location, and value within Winnipeg's Elm Park neighborhood. Built in 1961, it is notably newer than most homes in the immediate area, offering potential advantages in building materials and systems. The home sits on a generous 8,500 sqft lot, providing ample outdoor space that is well above the city and neighborhood averages—a significant asset for privacy, gardening, or future expansion.
Its primary appeal lies in its strong positional value. The property holds an "Elite" assessed value ranking within Elm Park (top 5%), indicating it is considered a premium property for the area, yet it remains competitively priced relative to the wider city. This suggests you are investing in one of the neighborhood's more substantial homes. The recently renovated basement adds functional living space. It would suit buyers looking for a established, spacious lot in a mature neighborhood without the maintenance concerns of a century-old home, or those who recognize the value of owning a top-tier property within a specific community rather than just comparing city-wide averages.
Frequently Asked Questions
1. How does the sale price from 2023 relate to the current assessed value?
The home sold for $530,000 in August 2023, which is reasonably aligned with its current $550,000 assessed value. This suggests the market and municipal assessment are in agreement on its worth, providing a solid benchmark.
2. Is the lack of a garage a major drawback?
While the property has no garage, the very large lot (8,500 sqft) offers excellent potential for adding a detached garage or workshop, subject to local zoning. This could be seen as a blank-slate opportunity for some buyers.
3. The home is described as a "bi-level." What does that mean for living space?
A bi-level typically features a split entry, with living areas spread over two main levels that are both above grade. The 1,375 sqft living area includes both these levels and the renovated basement, offering a functional separation of spaces, often with bedrooms on one level and common areas on another.
4. The rankings show it's "around average" for living area on its street. Should I be concerned?
Not necessarily. This indicates Kingston Row is a street of consistently larger homes. While the square footage is average for the street, it remains above average for Elm Park and the city, meaning you're in good company with solid, established properties.
5. What does the "Elite" assessed value ranking in Elm Park actually tell me?
This ranking means that out of 605 comparable homes in Elm Park, only 31 have a higher assessed value. It confirms this is considered one of the more valuable properties in the neighborhood, which can be a positive indicator for long-term value retention and desirability within that specific community.