15 Kingswood Avenue

Property Overview

This 2022-built home at 15 Kingswood Avenue stands out for its modern construction and generous proportions within an established Winnipeg neighbourhood. Its 1,386 sqft of living space is significantly larger than most homes on its street and in the Varennes area, offering a contemporary layout in a mature setting. The property’s assessed value is notably high for its immediate locale, reflecting its newer build and size. The lot is consistent with neighbourhood norms. This creates a unique proposition: a modern, move-in-ready home that already ranks among the top properties in its micro-area for key metrics.

Key Characteristics & Appeal

The primary appeal of this home lies in its combination of new construction and above-average space within a specific, well-established context. It is not just a new house, but a substantially larger and more valuable one compared to its direct neighbours, most of which were built mid-century. This suits buyers seeking modern amenities, energy efficiency, and minimal immediate upkeep without compromising on interior space. It would particularly appeal to professionals or small families looking for a "best on the block" property in a quiet neighbourhood, who value being ahead of the curve on maintenance and systems. A thoughtful perspective is that this property offers a hedge against the downsides of an older housing stock—like outdated wiring or major repairs—while still providing the stability and mature landscaping of a long-developed area. Its value ranking suggests it is a premium asset on its street, which could appeal to those viewing the purchase as both a home and a long-term investment within a sought-after micro-location.

Frequently Asked Questions

1. Why is the assessed value so much higher than the street average?
The assessed value reflects the property's very recent construction (2022) and its larger-than-average living area. It is evaluated as a modern home with contemporary finishes and systems, unlike the majority of older homes on the street.

2. What does the "around average" city-wide ranking for living area mean?
While the home is spacious for its neighbourhood, its 1,386 sqft size is closer to the Winnipeg average for comparable homes. This highlights that its standout feature is its size within Varennes and on Kingswood Avenue, not necessarily city-wide.

3. Is the lot size a drawback?
The 5,122 sqft lot is typical for the Varennes neighbourhood and is actually slightly larger than the area average. It is smaller than the city-wide average, which includes newer suburbs with larger lots. It is consistent with the established lot patterns in this community.

4. Who might this property not suit?
It may not suit buyers seeking a very large yard or those whose priority is maximizing square footage for the price compared to newer suburban developments. It is also a premium-priced property for the immediate street.

5. What is the main takeaway from these rankings?
The data consistently shows this is a top-tier property within its direct neighbourhood and street, especially for year built, size, and value. It offers a modern home in an older area, which is a relatively rare find and is reflected in its elite local rankings.