Property Overview: 50 Kingswood Avenue, Winnipeg
Key Characteristics & Appeal
This well-situated home on Kingswood Avenue presents a compelling case for value within its established Varennes neighborhood. At 832 sqft, the living space is typical for the immediate street and area, though more compact compared to the Winnipeg city average. Its true strength lies in its above-average assessed value relative to its local context, ranking in the top 15% on its own street and top 23% in the neighborhood. This suggests the property is perceived to hold greater value or potential than many around it. Built in 1951, it is a newer construction compared to many homes on the street, which may imply updates or a longer potential lifespan before major system renewals. The 5,122 sqft lot is generous and on par with local norms.
The appeal here is one of efficient value in a mature community. It suits practical buyers—perhaps first-time homeowners, downsizers, or investors—who prioritize a solid footprint in a settled area over sheer square footage. A thoughtful perspective is that this property outperforms its direct peers in key financial metrics (assessed value, newer build) while offering a manageable scale, potentially translating to lower maintenance costs and utility bills compared to larger city averages.
Frequently Asked Questions
1. Is the living area too small?
While below the Winnipeg average, the home’s living area is typical for the specific street and Varennes neighborhood. It represents the efficient design common to its era and suits those looking for a manageable, easier-to-maintain space.
2. Why is the assessed value above average for the area?
A higher assessed value compared to local averages can be influenced by several factors, including the property’s condition, specific improvements, its lot, and its relatively newer construction date (1951) compared to street peers.
3. What does the 1951 build year indicate?
Being newer than many homes on the street (average build year 1946) can be an advantage. It may suggest that major components like plumbing, electrical, or the foundation are potentially in a different stage of their lifecycle, though a specific inspection is always necessary.
4. How does the lot size compare?
The lot is just slightly below the street average but actually larger than the neighborhood average. It offers ample outdoor space typical of the area, without the excessive upkeep that can come with much larger city lots.
5. How should I interpret these rankings?
The rankings show how this property compares to similar homes at three levels: its immediate street, the broader Varennes neighborhood, and all of Winnipeg. It performs strongest within its most local context, particularly in value and build year, which is often the most relevant comparison for daily living and community feel.