Property Overview: 404 Kingston Crescent, Winnipeg
Key Characteristics & Buyer Profile
This one-and-a-half storey home, built in 1949, presents a solid, no-frills opportunity in the Kingston Crescent area. With 1,399 sqft of living space and a renovated basement, its practical layout is complemented by a detached garage and a 6,630 sqft lot. The data reveals a property that sits comfortably in the middle of the pack for its immediate street in terms of size and value, but offers a larger-than-average citywide lot. Its assessed value is notably modest compared to many area homes.
The primary appeal lies in its value proposition and potential. It suits a first-time buyer, an investor, or a downsizer looking for an entry point into the neighbourhood without a premium price tag. The renovated basement adds immediate functional space, while the generous lot offers room for gardening, expansion, or simply more private outdoor space than a typical city property. A thoughtful perspective is that this home, while older, is actually newer than many on its street, potentially meaning fewer issues associated with very early-century construction. It represents a chance to own a character home with land, where the investment can be directed toward personalization rather than just securing the structure itself.
Frequently Asked Questions
1. How does the home’s value compare to recent sales?
The home last sold in September 2021 for an estimated $44.5k-$47.5k. Its current assessed value is $42.10k, which is below the average for similar homes on Kingston Crescent ($51.30k) and in the broader area ($55.30k), suggesting a competitively valued listing.
2. Is the living space smaller than other homes nearby?
Yes, at 1,399 sqft, it is below the average for the Kingston Crescent area (1,794 sqft). However, it is very close to the citywide average for comparable homes (1,342 sqft). The renovated basement effectively adds to the usable space.
3. What does the lot size mean for me?
The 6,630 sqft lot is a key feature. It is larger than the average city lot (~6,570 sqft) and provides substantial outdoor space. On Kingston Crescent itself, lots are typically larger, so while this is below that local average, it remains a significant asset.
4. The home was built in 1949. What should I consider?
While 77 years old, it is newer than many neighbouring homes, which average from the early 1940s on this street. A pre-purchase inspection is essential to understand the condition of major aging components like the roof, plumbing, and electrical systems.
5. Who are the likely neighbours?
The immediate neighbours on Kingston Crescent are a mix of similar one-and-a-half storey homes from the mid-20th century, with a range of sizes and assessed values. The data shows a varied streetscape, from modest homes like this one to properties with significantly higher valuations.