Property Overview
342 Kensington Street is a well-positioned one-storey home in Winnipeg's Kensington neighbourhood. Its primary appeal lies in offering above-average space and land for its immediate area at a value-conscious price point. The home features 1,217 sqft of living space and sits on a 5,003 sqft lot, both metrics ranking in the top 12% on its own street. It includes a detached garage and a renovated basement. Built in 1980, it is notably newer than many neighbouring homes. The assessed value of $29.5k places it above average for Kensington but below the city-wide average, suggesting a more accessible entry point into a stable area.
This property would suit practical buyers looking for solid fundamentals over flashy finishes. It’s ideal for a first-time homeowner who prioritizes interior and yard space, or an investor seeking a property with a strong value proposition relative to its micro-market. The renovated basement adds functional flexibility for a growing family, a home office, or a rental suite. Its appeal is less about luxury and more about getting a proportionally larger share of land and living area for the dollar within this specific community.
Frequently Asked Questions
What does the assessed value actually indicate?
At $29,500, the assessment is above average for both Kensington Street and the wider Kensington area, but below the Winnipeg city average. This typically suggests the property is considered a good value within its desirable local context, not that it's undervalued city-wide.
How does the 1980 build year compare?
While 46 years old, this home is newer than most in the immediate vicinity. On Kensington Street, it ranks in the top 23%, meaning it's among the more modern properties, which can imply updates to core systems and potentially fewer major maintenance concerns than much older homes.
Is the living space size competitive?
Yes, notably so for the location. At 1,217 sqft, it significantly exceeds the street average (~875 sqft) and neighbourhood average (~914 sqft). This means you're getting more house than is typical for the area, a key advantage for buyers needing space.
What is the significance of the lot size?
The 5,003 sqft lot is substantially larger than most on the street (avg. 3,572 sqft). This offers greater outdoor privacy, gardening potential, or expansion room compared to neighbouring properties, which is a premium and less replaceable feature.
Why is the last sold price shown as a range?
The sold price history is based on publicly available data, which sometimes only provides broad valuation ranges. For the exact historical sale price, you can request it via email from the listing service; they provide this detail manually without using your email for marketing.