Property Overview: 361 Kingston Crescent, Winnipeg
Key Characteristics & Appeal
This two-storey home on Kingston Crescent is defined by its exceptional scale and premium location. Its most striking feature is the generous 4,093 sqft of living space, which ranks in the top 1% not just on its street but across the entire city, offering room for large or multi-generational families. The property sits on a substantial 17,034 sqft lot, placing it in the top 2-3% for land area locally, providing rare potential for privacy, landscaping, or expansion. Built in 1985, it is notably newer than most neighbouring homes, suggesting modern construction standards amidst an established area. With an assessed value of $890k, it positions itself in the upper tier of the market.
The appeal lies in acquiring a property that outperforms benchmarks in nearly every metric. It suits buyers seeking a "forever home" with ample space for customization, those who value the prestige and roominess of an elite lot, or families looking for a move-in-ready canvas in a prime neighbourhood without the constraints of a heritage property. A thoughtful perspective is that the unrenovated basement presents a clear opportunity; a buyer can tailor it to their needs without first undoing someone else's dated renovations.
Frequently Asked Questions
1. What does the "top 1%" ranking for living area actually mean?
It means this home's interior square footage is larger than 99% of all homes used for comparison in Winnipeg, indicating truly rare spaciousness for the city.
2. The home sold in 2020 for approximately $91.5k-$94.5k but is now assessed at $890k. Why the huge discrepancy?
The 2020 sale price is likely a data error or reflects a non-arms-length transaction (such as between family members). The current assessed value of $890k is the relevant market-based valuation for municipal taxes and is a more accurate indicator of its worth.
3. What are the implications of the basement being "not renovated"?
While it offers functional space, it awaits finishing. This is often seen as a positive by buyers who want to design the space to their own specifications, potentially adding significant value.
4. How does the 1985 build year compare to the neighbourhood?
It is significantly newer. Many homes on Kingston Crescent date to the early or mid-1900s. A 1985 build offers more contemporary layouts, wiring, and insulation while still being in a mature, established setting.
5. Who would this property not suit?
It may not suit first-time buyers or those seeking a turnkey, fully updated home without any projects. The scale of the home and lot also implies higher utility costs and maintenance commitments than an average property.