48 Kingswood Avenue

Property Overview: 48 Kingswood Avenue, Varennes, Winnipeg

Section 1: Key Characteristics & Appeal

This 1951-built home on a 5,122 sqft lot presents a balanced, middle-of-the-road profile within its established Varennes neighbourhood. With 832 sqft of living space and a municipal assessment of $285,000, it sits close to the average for its specific street and community in both size and value. Its true standout is its build year, which is newer than most homes on Kingswood Avenue, potentially suggesting updates or a longer lifespan for core components.

The appeal lies in its stability and context. This isn't an outlier; it's a typical, grounded property in the area. For buyers, this means predictable property taxes and a home that fits seamlessly into the community fabric. It would suit first-time buyers or downsizers seeking an affordable entry into a mature Winnipeg neighbourhood without the premium price of a larger or fully renovated home. The lot size is a quiet advantage—above average for the community—offering decent outdoor space relative to many nearby properties. A thoughtful perspective is that its "average" metrics within a desirable locale can represent a lower-risk purchase, as its value is closely tied to the consistent, established market of the area rather than speculative features.

Section 2: Frequently Asked Questions

1. How does the 1951 build year compare, and what does it mean?
While newer than the street average (1946), a home from this era will likely have had several systems updated over time. Key questions should focus on the age of the roof, windows, plumbing, and electrical, rather than the original construction date alone.

2. The living space is below the Winnipeg average. Will it feel small?
At 832 sqft, it is compact compared to the city-wide average, which includes many newer, larger suburbs. However, it is very close to the average for both Kingswood Avenue (917 sqft) and Varennes (997 sqft), indicating the home's size is typical and functional for this specific, established community.

3. Is the property assessment a reliable indicator of market value?
The municipal assessment ($285,000) is for tax purposes and lags behind the current market. It's a useful benchmark showing the home is valued below the Winnipeg average but aligns with its local area. Market value is determined by recent sales, condition, and buyer demand.

4. What does the lot size ranking tell us?
The lot is above average for the Varennes community. This means you likely have more usable outdoor space than many neighbours, which is a valuable and less replaceable asset than interior square footage.

5. How should we interpret the various rankings?
They show how this property stacks up in different circles. Crucially, it performs best within its immediate street and neighbourhood context. This suggests it's a well-suited property for this specific location, which is often a more important daily reality than how it compares to distant parts of the city.