Property Overview
This two-storey home at 406 Kingston Crescent offers a practical blend of space and value. Its key appeal lies in its generous 1,500 sqft living area and a large 7,147 sqft lot, both of which rank well above the Winnipeg city-wide average, providing room to grow or enjoy outdoors. The home is notably newer than many on its street, built in 1969, which may suggest fewer concerns with aging infrastructure common in older neighbourhood homes. A renovated basement adds functional living space. With an assessed value that is moderate for the street but high compared to the city, it presents as a solid, middle-ground property—not the largest or most expensive on the block, but offering substantial space for the price.
It would suit a buyer looking for a established neighbourhood character without the highest price tag, perhaps a young family needing room or a value-conscious purchaser who prioritizes lot size and interior space over a premium location or brand-new finishes. Its "around average" metrics for the immediate area indicate it's a typical, well-proposed home for Kingston Crescent, making it a straightforward contender for those wanting to enter this specific neighbourhood.
Frequently Asked Questions
1. How does the assessed value compare to likely market value?
The assessed value is $50,700, which is used for calculating property taxes. Market value is determined by current sale prices of similar homes. The last recorded sale was in 2016 for between $42.5k and $45.5k, and a nearby comparable home is currently assessed at $710k, indicating that market values on this street can vary significantly. Professional appraisal or comparative market analysis is essential.
2. What are the implications of the home being newer than most on the street?
Built in 1969, the home is decades newer than many neighbours (which average from 1940-1942). This can be an advantage, potentially meaning updated electrical, plumbing, or insulation compared to much older homes, possibly resulting in lower immediate repair costs.
3. Is the lack of a garage a significant drawback?
The property has no garage. For some buyers, this is a trade-off for the larger lot, which may allow for adding a garage or shed later. It's important to consider vehicle storage, parking bylaws, and winter climate needs.
4. What does "renovated basement" typically include?
The listing notes a renovated basement but does not specify the scope. This could range from basic finishing to a fully legal secondary suite. A viewing and inquiry about permits and the nature of the renovation (e.g., moisture proofing, ceiling height, egress) is crucial.
5. How does the lot size benefit me?
At over 7,000 sqft, the lot is substantially larger than the city average (~6,570 sqft). This offers ample private outdoor space for gardening, recreation, or pets, and provides a greater sense of privacy and potential for future additions like a deck, patio, or outbuilding, subject to local zoning.