Property Overview: 51 Kingswood Avenue
Key Characteristics & Appeal
This 832 sqft bungalow, built in 1950, presents a solid, grounded opportunity in the Varennes neighborhood. Its primary appeal lies in its balance and context. While the living space is modest by city-wide standards, it is competitively sized for its immediate street and area, suggesting a home that fits comfortably within its established community. The standout feature is the land: at over 5,000 sqft, the lot size is well above average for both the street and the neighborhood, offering valuable outdoor space and potential.
The property’s assessed value sits comfortably around local averages, indicating a fair market position without a premium for extreme size or luxury. This profile suits practical buyers—first-time homeowners, downsizers, or investors—who prioritize a larger lot in a mature area over a large interior footprint. It’s for someone who sees value in space for a garden, storage, or future expansion, and who appreciates a home that is financially in line with its surroundings rather than an outlier.
Frequently Asked Questions
1. Is the house smaller than average?
Compared to the entire city of Winnipeg, yes. However, within its own neighborhood and especially on its street, the living area is very much in line with typical homes. This is a characteristically sized home for this specific, established area.
2. What does the above-average land area mean for me?
The lot is a significant asset. It provides more private outdoor space than many neighbors, which is ideal for gardening, recreation, or pets. It also could offer more flexibility for future projects like a shed, deck, or expansion, subject to local zoning regulations.
3. How should I interpret the assessed value rankings?
The assessment suggests the property is valued consistently with its immediate peers on Kingswood Avenue and in Varennes. It’s not undervalued nor carrying a premium based on size alone, which can be seen as a mark of stability and a reasonable starting point for market pricing.
4. The home was built in 1950. What should I consider?
While the build year is older than the city average, it is actually newer than many homes on its street and in the neighborhood. This suggests potentially newer infrastructure than some direct comparables, but a thorough inspection for updates to roofing, wiring, plumbing, and insulation remains essential for any home of this era.
5. Who would this property not suit?
Buyers seeking a move-in-ready home with modern, open-concept layouts and very large interior spaces may find the footprint limiting. It’s better suited to those comfortable with the layout of a classic bungalow and who see the land itself as a key part of the property’s value.