Property Overview: 412 Kensington Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home, built in 1948, presents a classic Winnipeg character property with a standout feature: its land. The living space of 893 sq. ft. is modest and typical for the immediate Kensington area, but the lot size of over 6,400 sq. ft. is exceptional, ranking in the top 3% of the neighbourhood. This creates a unique value proposition where the land itself is a significant asset.
The appeal lies in this generous outdoor space, offering rare potential in a city setting for extensive gardening, private recreation, or future expansion. With a detached garage and no basement, the home suits a lifestyle prioritizing single-level living and low-maintenance interior spaces. Its assessed value is squarely average for the street and neighbourhood, suggesting it’s priced accessibly within its local context, but well below the city-wide average.
This property would best suit a buyer who values space and potential over turn-key size. It’s ideal for someone with a vision for the outdoors, looking for a manageable home with room to grow, or an investor who recognizes the long-term value of a large lot in a mature community. It’s a practical choice for downsizers seeking a single level or first-time buyers willing to trade interior square footage for a uniquely large yard.
Section 2: Frequently Asked Questions
1. Is the price competitive for the area?
Yes. The assessed value is around the neighbourhood average, indicating the asking price is likely aligned with local market norms for homes of this size and age. The value is primarily in the land, not the structure.
2. What can I do with such a large lot?
Beyond a spacious yard, the lot size offers future possibilities like adding a substantial addition, building a workshop, or creating a multi-zone garden. It’s worth investigating local zoning bylaws to understand the full scope of permitted uses.
3. What are the implications of having no basement?
This means all mechanical systems (furnace, water heater) and utilities are on the main floor, and storage space will be limited. It simplifies flood risk concerns but requires creative solutions for storage and places a premium on efficient use of the existing square footage.
4. How does the age of the home affect things?
Built in 1948, the home is typical for its era in Kensington. Buyers should budget for potential updates to major systems, insulation, and windows. A thorough inspection is essential to understand the condition of the roof, wiring, and plumbing.
5. Why are the sold price histories shown as a range?
The public records used for this data often round or approximate final sale prices. To get the exact historical sale price for precise market analysis, you can request it directly via the provided email service.