Property Overview
383 Kensington Street presents a modest, one-storey home in Winnipeg's Kensington neighbourhood. Its key appeal lies in its position as an affordable entry point into the market, offering a functional layout on a decent-sized lot. The 750 sqft living area is compact, ranking below average for the city but typical for the immediate street. Notably, the home was built in 1954, making it newer than many of its neighbours, and sits on a nearly 4,000 sqft lot. The property features a detached garage and an unrenovated basement, indicating potential for future updates. Its assessed value is significantly below the Winnipeg average, reflecting its scale and condition.
This home would best suit first-time buyers or practical investors seeking a low-cost footprint with established neighbourhood character. It’s a property where value is derived more from the land and location than from the current structure, appealing to those comfortable with a home that may require gradual improvements or who prioritize mortgage affordability over move-in-ready finishes.
Frequently Asked Questions
1. Is this a "fixer-upper"?
The listing notes an unrenovated basement, suggesting the home is likely dated overall. It should be considered a candidate for updates, appealing to buyers with renovation plans or a tolerance for older finishes.
2. How does the assessed value relate to the likely selling price?
The assessed value is a municipal figure for tax purposes and is notably low. The last recorded sale was between $145k-$175k in 2019. The selling price will be determined by the current market, but the low assessment highlights the home's modest scale relative to city averages.
3. What are the advantages of a home newer than others on the street?
Built in 1954, it's younger than many neighbouring homes. This could mean somewhat newer core components (like wiring or plumbing) compared to pre-war houses, potentially reducing immediate concerns about very aged infrastructure.
4. The living space seems small. Is the lot size a compensating factor?
Yes. At nearly 4,000 sqft, the lot is a solid size for the area. This offers valuable outdoor space and future potential, such as gardening, expansion, or adding a patio, which isn't always available with compact homes.
5. Why is the sold price history shown as a range?
The provided sale data is estimated from public records. To obtain the exact historical sale price, you must request it directly from the site via email, as noted in their disclaimer.