Property Overview
This 760 sqft bi-level home at 347 Kensington Street presents a compact and efficient living space. Its key appeal lies in its relative modernity within the neighborhood, being built in 1981, which is newer than most homes on the street and in the wider Kensington area. The home features a renovated basement, adding functional living space. With an assessed value that is above average for Kensington, it sits in an interesting position: it's a more contemporary property on a street and in a zone generally characterized by older homes, yet it occupies a smaller lot. This combination suggests a property that offers updated living conditions with lower maintenance relative to much older homes, but without the expansive outdoor space found elsewhere.
It would suit first-time buyers or downsizers looking for an affordable entry into the Kensington area who prioritize a move-in ready condition and modern building systems over square footage or large yard space. It's a practical choice for those who want a cozy, low-maintenance home in a central location.
Frequently Asked Questions
1. How does the home's size compare to others?
At 760 sqft of living area, the home is below the average size for both the Kensington neighborhood and Winnipeg overall. It's a compact bi-level, ideal for efficient living.
2. Is the assessed value a good indicator of the selling price?
The assessed value is $25,400, which is above average for Kensington. However, market conditions and the home's specific features will ultimately determine the sale price. Historical data shows a sale in the $215,000-$245,000 range in late 2017.
3. What are the less obvious pros and cons of the lot size?
The lot is 2,497 sqft, which is smaller than most in the city. The benefit is significantly less yard maintenance. The trade-off is limited space for gardening, expansion, or outdoor recreation.
4. What does the 1981 build year mean for a buyer?
Built in 1981, this home is notably newer than many in the immediate area. This often translates to more modern wiring, plumbing, insulation, and building materials, potentially reducing immediate repair costs compared to a century-old home.
5. Who might this property not suit?
It may not suit buyers needing multiple bedrooms, dedicated home office space, or those who desire a large private garden. Families looking for extensive indoor and outdoor space for growing children might find it too compact.