Property Overview
24 Kinsley Crescent is a compact, 680 sqft bungalow built in 1980 on a 3,999 sqft lot in Winnipeg's Meadows neighbourhood. Its key characteristic is its modest scale, with a living area significantly smaller than most homes on its street, in the area, and across the city. This is reflected in its assessed value of $30,900, which is the lowest on Kinsley Crescent but closer to the city-wide average.
The appeal here is fundamentally about value and simplicity. It represents one of the most accessible entry points into homeownership in the city, with very low property taxes. It would suit a minimalist, a first-time buyer with a tight budget, or an investor looking for a straightforward rental property. Its smaller size also means lower utility costs and less maintenance. A thoughtful perspective is that this home, precisely because it's an outlier in size and value on its street, offers the benefit of a established neighbourhood without the premium price tag, allowing equity to be built in a stable location.
Frequently Asked Questions
1. Why is the assessed value so much lower than the sold price from 2022?
Assessed value for tax purposes is often lower than market value. The 2022 sale price (estimated between $250k-$300k) reflects what a buyer was willing to pay in the open market at that time, while the assessment is an administrative valuation.
2. Is the small living area a major concern?
It depends on your needs. At 680 sqft, it's significantly cozier than the average Winnipeg home. It would suit a single person, a couple, or someone looking to downsize efficiently. It may feel cramped for a family or those who work from home without a dedicated space.
3. What does the "Top 100%" ranking for value on the street mean?
This indicates the home has the lowest assessed value (rank 32 out of 32) on Kinsley Crescent. In this metric, a higher "Top %" means a lower value. It confirms this is the most tax-affordable property on the street.
4. Are there any positives to the lot size?
While below average, the 3,999 sqft lot is still a good size for a home of this square footage. It likely requires less landscaping upkeep than larger lots, which can be a benefit for those seeking low maintenance.
5. How reliable are the sold price ranges shown?
The ranges are based on public data, which can be imprecise. For the exact historical sale price, you must request it directly via the provided email service, as this information is not always disclosed in public records.