Property Overview
94 Kingston Row is a one-and-a-half storey home in Winnipeg's Elm Park neighbourhood. Built in 1947, it features 1,315 sqft of living space, a renovated basement, and an attached garage on a 4,692 sqft lot. Its last recorded sale was in August 2020 for $330,000, with a current assessed value of $350,000.
Key Characteristics & Appeal
This home presents a specific value proposition. Its living space is modest for the immediate street but aligns more closely with the broader neighbourhood and city averages, suggesting an efficient, manageable footprint. The renovated basement adds functional living area. A key characteristic is the lot size, which is notably smaller than most on Kingston Row and in Elm Park, resulting in lower maintenance but less private outdoor space.
Its appeal lies in being a well-situated, updated starter home or downsizing option in a mature, established area. The data indicates you are paying primarily for the location and the renovated condition rather than for square footage or land. It would suit first-time buyers seeking entry into a desirable neighbourhood without the upkeep of a large yard, or investors looking for a character property with modernized fundamentals. A thoughtful perspective is that its "below average" metrics for the street on size and value could represent a relative value opportunity for the right buyer, offering Elm Park accessibility at a potentially lower price point than larger homes on the block.
Frequently Asked Questions
1. Is the lot size a disadvantage?
It depends on your priorities. The lot is significantly smaller than most in Elm Park, meaning less garden maintenance and lower property taxes. However, it also means less private outdoor space for play, gardening, or entertaining.
2. How does the assessed value compare to the likely sale price?
The assessed value of $350k is a municipal valuation for tax purposes, not a market appraisal. The 2020 sale was $330k. Market conditions will determine the current price, but the assessment provides a baseline that is average for the wider city.
3. What does "one-and-a-half storey" mean for the layout?
Typically, this style features main living areas on the ground floor with bedrooms on the second floor, often under sloped ceilings. It offers more character than a bungalow but with a different feel than a full two-storey home.
4. The home is older. What should I consider?
Built in 1947, it is newer than many on its street but still requires attention to aging components. The renovated basement is a plus, but a thorough inspection of the roof, wiring, plumbing, and foundation is essential.
5. Who might this property not suit?
Buyers seeking a large backyard, extensive square footage, or a brand-new home may find it limiting. It's best for those who value location and a renovated foundation over sheer size and expansive land.