Property Overview: 123 Kingston Row, Elm Park, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the established Elm Park neighbourhood presents a specific and compelling value proposition. Its key characteristic is a generous 8,520 sqft lot, which is notably larger than most in both the neighbourhood and the wider city. The home itself, at 1,100 sqft of living space, is more compact and functional than many on its street, but benefits from a renovated basement. Built in 1956, it is a relatively newer home compared to many in the immediate area.
The primary appeal lies in its land value and location. The sizable lot in a mature neighbourhood offers significant potential for gardening, expansion, or simply enjoying ample private outdoor space—a rarity in many city settings. The home’s above-average assessed value for Elm Park suggests it is viewed as a solid asset within a desirable community. This property would best suit a buyer who prioritizes land size and location over a large interior footprint. It’s ideal for downsizers, first-time buyers comfortable with a cozy layout, or investors who see the underlying lot value. A thoughtful perspective is that this home offers a balance: you’re acquiring a manageable, updated living space while securing a land parcel that is increasingly scarce, providing both immediate utility and long-term optionality.
Section 2: Frequently Asked Questions
1. Is the house small for the neighbourhood?
Yes, the living area is below average for Kingston Row itself. However, it is around the city-wide average, and the trade-off is a lot size that is significantly larger than most comparable properties.
2. What does the "above average" assessed value in Elm Park indicate?
It suggests the municipal assessment views this property as more valuable than most in the neighbourhood, likely due to the combination of its lot size, the renovated basement, and its relatively newer construction date for the area.
3. How does the 2016 sale price relate to today’s value?
The $340k sale price from 2016 is a historical data point. Given the current assessed value and market changes, it should not be used as a direct indicator of present market value but as part of the property’s history.
4. What are the implications of a one-storey design with a renovated basement?
This layout offers single-level living convenience, which is a plus for many, with the basement providing additional finished space for recreation, guests, or storage. It’s a practical configuration for a variety of lifestyles.
5. Why is the lot size highlighted as a key feature?
In mature, central neighbourhoods like Elm Park, large lots are finite. This lot is in the top 10% city-wide for size, offering privacy, space for outdoor activities, and potential that smaller, more typical city lots do not.