Property Overview: 353 Kingston Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1941, presents a solid opportunity in Winnipeg’s Kingston Crescent area. Its key appeal lies in a combination of generous outdoor space and a recently renovated basement. With 1,519 sqft of living space, the home is competitively sized for the immediate area and above average citywide.
The standout feature is the land: an 11,725 sqft lot that ranks in the top 9% on its own street and an elite top 4% across the entire city. This offers exceptional potential for gardening, expansion, or simply enjoying ample private outdoor space—a rarity in many urban neighbourhoods. The detached garage and renovated basement add practical living and storage options.
This property would suit a buyer who values space and potential over a brand-new build. It’s ideal for someone looking for a character home with a large yard, possibly a growing family, a hobbyist, or a buyer with long-term renovation plans who secures a foundation of valuable land. The assessed value is moderate for the street, suggesting the home itself may be a candidate for updates, making it a compelling prospect for a value-conscious buyer willing to invest sweat equity.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others?
At 1,519 sqft, the living area is slightly below the average for Kingston Crescent but remains above the overall Winnipeg average. It offers a comfortable footprint that is typical for many established neighbourhood homes.
2. What does the "Elite" ranking for land area mean?
It means this property’s lot size of nearly a quarter-acre is larger than approximately 96% of all residential properties in Winnipeg. This is its most distinguishing and valuable asset.
3. The home was built in 1941. What should I consider?
While the basement has been renovated, the core structure is 85 years old. Prospective buyers should budget for and prioritize inspections of major aged components, such as the roof, plumbing, electrical systems, and the foundation, which are common focal points for homes of this era.
4. The last sold price shown is from 2020. Why is that relevant?
The 2020 sale price provides a historical benchmark, but it primarily highlights the significant market appreciation since then, as reflected in the current assessed value. It underscores the importance of obtaining a current market valuation.
5. Is the assessed value the same as the market price?
No. The assessed value (50.50k) is for municipal tax purposes. The market price is determined by what buyers are currently willing to pay, which is influenced by recent sales of comparable homes, condition, and market trends. They are rarely the same figure.