Property Overview: 45 Kingston Row, Elm Park, Winnipeg
Key Characteristics & Buyer Appeal
This two-storey home in Elm Park is a property defined by its substantial size and established prestige. With 2,222 sqft of living space, it offers significantly more room than the average home in Winnipeg, Elm Park, and even on its own street. This is complemented by a renovated basement and an attached garage. The home’s standout feature is its assessed value, which ranks in the top 1% of Elm Park and the top 3% city-wide, signaling a premium property in a desirable neighborhood. Built in 1939, it is a classic, character-rich home on a 7,250 sqft lot that is above average for the city.
Its appeal lies in offering space, location, and a proven investment profile. It suits buyers looking for a substantial family home in a mature, elite neighborhood who appreciate the character of a pre-war build and the value of a renovated basement. It’s particularly well-suited for those who prioritize space over a brand-new build and understand the value of an established, tree-lined community like Elm Park. A thoughtful perspective is that while the home is older, its elite assessment suggests it has been maintained or updated in ways that the market recognizes, offering a blend of charm and modern livability without being a blank-slate new construction.
Frequently Asked Questions
1. What does the "Elite" assessed value ranking mean?
It means the property’s official assessed value is higher than approximately 99% of homes in Elm Park and 97% of homes in Winnipeg. This typically indicates a premium property in a sought-after location, often reflecting lot size, home size, updates, and neighborhood desirability.
2. Is the living space all original, or does it include the renovated basement?
The provided living area of 2,222 sqft typically refers to above-grade space. The renovated basement adds additional functional square footage, making the total usable space even larger.
3. The home was built in 1939. What should I consider?
While the home offers classic character and is around the average age for its street, prospective buyers should pay close attention to the condition of major aging components like the roof, plumbing, electrical systems, and foundation, ensuring updates align with modern standards.
4. How does the lot size compare?
At 7,250 sqft, the lot is above average for Winnipeg and Elm Park specifically. However, it is slightly smaller than the average lot on Kingston Row itself, suggesting the street is known for particularly generous lots.
5. The home sold for $63.5k in 2016. Why is the assessed value now $75.40k?
The 2016 sale price is a historical data point. The current assessed value is set by the municipal tax authority for taxation purposes and is based on market trends, property characteristics, and area sales. It reflects an estimate of the property's market value for a more recent period, not the past sale price.