Property Summary: 24 Kingswood Avenue
Section 1: Overview & Appeal
This 1924-built home on a 5,120 sqft lot presents a compelling blend of established neighborhood character and above-average space for its immediate area. With 1,202 sqft of living area, it offers more room than most homes on its street and in the Varennes neighborhood, providing a sense of value and practicality within a community context. Its assessed value sits comfortably around the local averages, suggesting a reasonably priced entry point into the area.
The primary appeal lies in its strong local positioning. You are acquiring a home that is physically larger than many of its direct neighbors, which can translate to better livability and potential. It suits a pragmatic buyer—perhaps a first-time homeowner, a downsizer, or an investor—who values a solid, no-surprises property in a mature area over a newer home in the outer suburbs. This is a home for someone who appreciates established streetscapes, larger lot sizes than newer subdivisions offer, and the potential to add value through updates over time. A thoughtful perspective is that while the home is older than the Winnipeg average, it is typical for its well-regarded neighborhood, meaning you’re buying into the consistency and stability of the community rather than a modern structure.
Section 2: Frequently Asked Questions
1. Is the home’s older age (1924) a concern?
While built in 1924, this is around the average age for Kingswood Avenue. The key will be the condition and updates of major systems like wiring, plumbing, and the roof, which a thorough home inspection will address.
2. How does the value compare to the rest of the city?
The assessed value is below the Winnipeg-wide average, which is typical for an older home in a mature neighborhood compared to newer city developments. This can represent a more affordable entry point into the market.
3. The living area is above street level but average city-wide. What does that mean?
It means the home feels spacious and offers good value within its own community, where similar homes are often smaller. Compared to all of Winnipeg, it’s a standard size, as newer builds tend to be larger.
4. What are the implications of the lot size?
At just over 5,000 sqft, the lot is very typical for the street and neighborhood. It provides a good balance of outdoor space for gardening or recreation without the extensive maintenance of a much larger yard.
5. Does the ranking data suggest this is a good investment?
The data shows a home that is competitive and well-positioned within its immediate micro-market (the street and neighborhood). This local strength often provides more stability and predictable demand than chasing city-wide trends, which can be influenced by vastly different property types.