347 Kingston Crescent

Property Overview: 347 Kingston Crescent, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home on Kingston Crescent is defined by its generous, above-average lot size of nearly 10,000 sqft—a standout feature that places it in the top tier of properties both locally and city-wide. The house itself, built in 1932, offers 1,181 sqft of living space with an attached garage and a renovated basement. While the living area is more modest compared to some neighbors, this is balanced by a very solid assessed value that performs well above the Winnipeg average.

The primary appeal lies in the land. This property offers significant outdoor space and potential in a mature, established neighborhood. It suits a specific buyer: someone who values a large yard for gardening, recreation, or future expansion over a larger interior footprint. It’s a practical choice for downsizers seeking single-level living without sacrificing outdoor privacy, or for a household willing to renovate and grow into the space over time, leveraging the existing basement update. The data suggests you’re buying a competitively valued asset on a desirable street, with the land itself being the long-term anchor of the property’s worth.

Section 2: Frequently Asked Questions

1. Is the living space too small for the area?
While the home’s living area is below the average for Kingston Crescent, its assessed value holds strong at around the neighborhood average. This indicates the market recognizes compensating factors, most notably the large lot size and the renovated basement, which adds functional space.

2. What does the sold price history tell us?
The most recent sale in mid-2024 fell within a close range of the current assessed value. This suggests a stable, transparent market valuation without major speculative spikes, which can be a positive for buyers seeking a fair-market entry into the area.

3. How does the age of the home (1932) factor in?
The home is older than the Winnipeg average but is typical for its prestigious crescent. This means you benefit from mature landscaping and established neighborhood character, but a thorough inspection of foundational, mechanical, and updating needs is essential, as with any home of this era.

4. The lot is large. What are the possibilities?
Beyond gardening and privacy, a lot of this size could accommodate additions like a sizable shed, workshop, or deck. It’s always wise to check City of Winnipeg zoning bylaws for coverage limits and setback requirements before planning any major projects.

5. How does this property’s value compare city-wide?
Its assessed value ranks in the top 25% across all of Winnipeg, a notable point. However, its living space ranks near the city median. This disparity highlights that you are investing significantly in the location and land component, which is a key dynamic to consider in your valuation.