Property Overview
32 Kingston Row is a compact, one-storey home in Winnipeg's Elm Park neighbourhood. Built in 1912, it sits on a roughly 5,500 sqft lot. With 748 sqft of living space and an unrenovated basement, it presents as a classic, no-frills property. Its most recent sale was in November 2023 for $27,500, while its current assessed value is $240,000.
Key Characteristics & Appeal
This home’s primary appeal lies in its location and land value within a mature neighbourhood, rather than the dwelling itself. The house is notably small and older than most in the city, ranking in the bottom percentiles for living area, year built, and assessed value on its street. Its charm is for a specific buyer: someone looking for an affordable entry into the Elm Park area, with the vision to renovate or expand the existing structure, or the long-term possibility to rebuild. It suits an investor, a hands-on renovator, or a buyer prioritizing lot location over immediate move-in condition. The lot size is average for Elm Park, offering a good canvas for future plans. The recent sale price suggests it was likely purchased as a land value proposition or investment property.
Frequently Asked Questions
1. Why is there such a large gap between the 2023 sale price ($27.5k) and the assessed value ($240k)?
This typically indicates the property was bought for its land value or development potential, not for its current condition. The sale likely reflected the cost of the lot, with the existing house having minimal market value.
2. What are the main considerations for renovating a home from 1912?
Buyers should budget for foundational updates, electrical and plumbing systems, insulation, and likely a new roof. An inspection is crucial to understand the full scope of work needed to meet modern standards.
3. Is the basement usable in its current state?
The listing notes the basement is "not renovated." It is likely a traditional, low-ceiling cellar space suitable for utilities and storage only, not finished living area.
4. What is the neighbourhood of Elm Park like?
Elm Park is an established, central Winnipeg neighbourhood with mature trees. It offers a quiet, residential feel while being relatively close to the University of Manitoba, parks, and shopping corridors like Pembina Highway.
5. Are there options if I don't want to renovate the existing house?
Given the home's size and age, the most financially logical path for many buyers would be a significant expansion or a complete rebuild, subject to local zoning and heritage regulations. The value here is securely in the land.