Property Overview: 469 Kingston Crescent, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This one-and-a-half storey home, built in 1937, presents a solid, grounded opportunity in Winnipeg. Its key characteristics include a renovated basement, an attached garage, and 1,755 square feet of living space. The lot size of 6,700 sqft is notably generous by city-wide standards, offering above-average outdoor space.
The appeal lies in its balanced, established nature. The home doesn't top the charts in any single category for its immediate area but consistently performs "around average" on Kingston Crescent for size, value, and age. This suggests a property that is well-integrated into its neighbourhood fabric without extreme outliers. A thoughtful perspective is that its city-wide rankings are often stronger than its street-level ones; it offers more living space and land than the typical Winnipeg home, meaning its relative value might be more apparent when considering the whole city rather than just its prestigious crescent. The renovated basement adds modern functionality within a classic structure.
This home would suit a buyer looking for character and space without the premium of a fully modernized showpiece. It’s ideal for someone who appreciates a established neighbourhood, values a larger lot, and sees potential in a home that is livable now but may allow for personal updates over time. It suits a practical buyer who compares city-wide value, not just the immediate block.
Frequently Asked Questions
1. How does this home truly compare to others in the area?
While its living area and assessed value are around the average for Kingston Crescent, its lot size is smaller than many neighbours. However, compared to the entire city, both its living space and lot size are well above average, framing it as a spacier option in a broader context.
2. What does the "renovated basement" likely entail?
The listing confirms the basement is renovated but does not specify to what degree. Buyers should inquire about the finish quality, ceiling height, permits, and whether it includes a secondary suite or additional bedrooms.
3. The home was last sold in October 2022. What does that mean?
The sold price range from 2022 provides a recent benchmark, but market conditions have likely shifted. This recent sale history suggests the current owners have had a short tenure, a point worth understanding during the buying process.
4. Is the assessed value a good indicator of the listing price?
Not directly. The assessed value of $47,600 is for municipal tax purposes. The actual sold price in 2022 was higher, and any future listing price will be determined by the current market. The assessment is useful for understanding property taxes, not market value.
5. What are the considerations with a home built in 1937?
While the basement has been renovated, the core structure is nearly 90 years old. Prospective buyers should pay special attention to the condition of major original systems: the foundation, plumbing, electrical wiring, and the roof. A thorough inspection is essential.