Property Overview & Key Characteristics
13 Kenneth Street is a well-maintained one-storey home in Winnipeg's Crescent Park neighbourhood, built in 1954. Its key appeal lies in its balance of a generous, private lot and a recently renovated basement, offering flexible living space. With a detached garage and a land area of over 5,500 sq ft, it provides a sense of space and potential not always found in similar homes.
The property presents a grounded opportunity. While the living area is modest compared to some neighbours, the renovated basement effectively expands the usable footprint. Its assessed value is consistent with the immediate street, suggesting a fair market position without the premium of a larger or fully modernized home. This home would suit first-time buyers seeking a solid entry into a stable neighbourhood, or downsizers looking for a manageable single-level layout with a low-maintenance exterior and room for hobbies or guests in the basement. It’s a practical choice for those who value a large yard and functional updates over a brand-new or expansive interior.
Frequently Asked Questions
How does the lot size compare to others?
The lot is approximately 5,537 sq ft. It is below average for the Crescent Park area but is actually the largest among the 14 direct comparable properties on Kenneth Street itself, offering more private outdoor space than your immediate neighbours.
What does the "renovated basement" entail?
The listing specifies a renovated basement, which typically means finished living space. Prospective buyers should inquire about the scope, permits, and the nature of the renovations (e.g., recreational room, additional bedroom, etc.) to understand its full utility and condition.
Is the price in line with the area?
Based on its last sale price of $400k in 2022 and its current assessed value, the property sits around the average for both its street and the broader Crescent Park neighbourhood, indicating a value aligned with local market norms.
What is the significance of the 1954 build year?
The home is older than the Winnipeg city average. However, it is the newest home among its direct comparables on Kenneth Street. This could imply potentially newer core components compared to immediate neighbours, though a thorough inspection is always recommended.
Who might this property not suit?
Buyers seeking a large, open-concept main floor or a brand-new, move-in-ready home without any projects may find the layout and era of the home limiting. It’s best for those comfortable with the character of a mid-century home and who see potential in the existing structure and lot.