Property Overview & Appeal
This one-storey home at 415 Kingston Crescent is defined by its exceptional and rare lot. Sitting on over 18,000 square feet, the land is its most significant feature, ranking in the top 1-2% for size on its street and in wider Winnipeg. The appeal lies in a unique combination of established, high-value location and immense outdoor potential. While the 1,503 sqft bungalow from 1955 has a renovated basement, the property is best suited for a specific buyer: those who value space and privacy above all, and who see the existing home as a solid foundation with future potential. It would perfectly suit a growing family wanting extensive yard space, or a long-term buyer with vision—perhaps for gardening, expansions, or eventual redevelopment—who is comfortable with a home that has average interior space for the area but sits on a premier parcel of land.
Key Questions for Consideration
1. What does the high assessed value primarily reflect?
The $710k assessment, which places the property in the top 3% in Winnipeg, is overwhelmingly driven by the value of the land. The lot size is extraordinarily large for the city, which is a major factor in municipal valuation.
2. Is the home itself considered large or modern?
Not particularly. At 1,503 sqft, the living area is around the middle of the pack for the neighbourhood and street. The 1955 build date is older than about two-thirds of Winnipeg homes. The value proposition is the land, not a sprawling or newly built house.
3. What are the practical implications of such a large lot?
It offers unparalleled privacy, space for recreation, gardens, or outbuildings (like a large workshop). However, it also means significantly more yard maintenance and potentially higher costs for landscaping, fencing, or snow clearing.
4. How does this property compare to nearby homes?
The listed comparable properties show that similarly assessed values in other areas might buy significantly more living space or a newer home, but rarely this much land in a long-established neighbourhood like Kingston Crescent.
5. What is less obvious about the opportunity here?
Beyond the private oasis it currently offers, the lot's size and zoning could provide future flexibility that is nearly impossible to find in the city. This could range from significant additions to the existing home to potential subdivision, subject to municipal approval, making it a strategic long-term asset as much as a family home.