Property Overview: 53 Kingswood Avenue
Key Characteristics & Appeal
This 1950-built home on a generous 5,123 sqft lot presents a solid, grounded opportunity in the Varennes neighborhood. Its primary appeal lies in its strong positioning within its immediate community. The assessed value ranks well above average for both the street and the area, suggesting it is viewed as a premium property in its local market. While the 908 sqft living space is typical for Kingswood Avenue, the lot size is notably larger than most on the block, offering valuable outdoor space and potential.
The property would suit practical buyers who prioritize neighborhood value over sheer square footage. It’s ideal for someone looking for a established, character home with a sizeable yard in a stable area, without paying the premium for a newer or significantly larger home by city-wide standards. A thoughtful perspective is that this home represents a “big fish in a small pond” scenario—it stands out favorably on its street and in Varennes, which can be a marker of stability and pride of ownership, even if it appears more average in a city-wide comparison.
Frequently Asked Questions
1. How does this home’s value compare to its neighbors?
Its assessed value is in the top 19% on its street and top 24% in the Varennes neighborhood, indicating it is considered a higher-value home in its immediate area compared to peers.
2. Is the living space smaller than typical Winnipeg homes?
Yes. At 908 sqft, it is below the Winnipeg average for comparable homes. However, it is very much in line with the average size for both Kingswood Avenue and the Varennes neighborhood.
3. What is the significance of the large lot size?
The lot of 5,123 sqft ranks in the top 11% on the street. This is a key feature, offering more private outdoor space than most direct neighbors and providing potential for gardening, expansion, or additions, subject to zoning.
4. Is a 1950 build date a concern?
The year built is typical for the area. It ranks around average for the street and above average for the neighborhood, meaning many nearby homes are of a similar vintage. This suggests well-understood maintenance expectations for the area.
5. Are the city-wide rankings a disadvantage?
Not necessarily. While rankings for size and age are lower city-wide, the value holds near the city average. This often reflects the character of established, mature neighborhoods where lot size and location can be more prized than the square footage of the home itself.