Property Overview: 359 Kensington Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Kensington Street presents a practical and affordable entry point into Winnipeg’s market. Its key characteristic is value within its immediate neighborhood. While its 770 sqft living area is modest citywide, it is competitively sized for Kensington Street itself. The renovated basement adds functional living space. The assessed value is notably above average for the Kensington area, suggesting the property is well-regarded relative to its local peers, despite being below the citywide average. Built in 1955, it is a newer construction compared to many homes on its street and in the broader Kensington area.
The appeal lies in its positioning as a manageable, lower-maintenance property in an established neighborhood. It suits first-time buyers seeking an affordable home with updated essentials, or investors looking for a straightforward rental property. A thoughtful perspective is that its above-average assessment for the area could indicate a history of improvements or a desirable lot, offering a sense of relative stability and investment within the local context, even in a smaller package.
Section 2: Frequently Asked Questions
1. Is the house actually small?
While the living area is below the Winnipeg average, it is around the average size for other homes on Kensington Street. This makes it a typical, manageable size for this specific location.
2. Why is the assessed value higher than many neighbors?
The property’s assessed value ranks in the top 28% on its street. This often reflects factors like the renovated basement, lot attributes, or recent updates that the municipal assessment recognizes.
3. What does the sold price history indicate?
The home sold in 2021 and previously in 2019. The price ranges shown suggest steady appreciation in line with or slightly above local averages for those periods, pointing to stable market demand.
4. Is there potential for expansion or adding a garage?
The lot is a standard size for the area. While there is no existing garage, the lot dimensions may allow for future additions, subject to local zoning and building regulations.
5. How does the age of the home (1955) compare?
Built in 1955, this home is newer than many in the Kensington area, where average build years are around 1945. This can mean relatively newer core systems and potentially fewer concerns associated with very early 20th-century construction.