Property Overview & Appeal
This one-and-a-half storey home at 132 Kingsway in Crescentwood presents a unique blend of character and opportunity. Its key characteristics include a renovated basement, a detached garage, and a generous 8,423 sqft lot that is well above average for both the neighbourhood and the city. Built in 1950, it is notably newer than most homes on its street and in historic Crescentwood. With 1,326 sqft of living space, it is more compact than many neighbouring homes but aligns closely with the average Winnipeg house.
The primary appeal lies in its location and land. It offers entry into the desirable, established Crescentwood area on a sizable, private lot—a combination that is increasingly rare. The home suits a specific buyer: someone seeking a character neighbourhood and the potential of a large yard over immediate square footage, perhaps a first-time buyer in a premium area, a downsizer looking for manageable space without sacrificing location, or a long-term investor valuing the land. Its "below average" size and assessed value for the immediate street suggest it may be one of the more accessible points of entry into this prestigious enclave.
Frequently Asked Questions
1. How does the home's size compare to the area?
While the living space is below the average for Kingsway and Crescentwood, it is very close to the city-wide average. This highlights the character of the neighbourhood, which features many larger, older homes, and positions this property as a more manageable option within it.
2. What does the assessed value indicate?
The assessed value is below average for Kingsway but above average city-wide. This typically reflects the premium of the location. It's important to note that assessed value is for tax purposes; market value is determined by recent sales, like the 2020 sale at $380k.
3. Is the 1950 build date a positive?
In this context, yes. Being built in 1950 makes it significantly newer than most comparable homes on the street (average build year 1923) and in Crescentwood (average 1926). This could suggest updated infrastructure or fewer concerns associated with very early 20th-century construction.
4. What is the significance of the lot size?
The lot is a major feature. It ranks in the top 25% in Crescentwood and the top 10% city-wide, offering substantial outdoor space that is uncommon in central neighbourhoods. This provides privacy, gardening potential, or future expansion possibilities.
5. Who might this property not suit?
Buyers seeking a move-in-ready home with ample interior space equivalent to others in the immediate area may find it limiting. It's better suited for those who prioritize location and land size, and who may be comfortable with a home that has a more average interior footprint relative to the broader city.