Property Overview & Key Characteristics
This two-storey home on Kingsway in Crescentwood is defined by its historic character and its position within a desirable, established neighbourhood. Built in 1906, it offers over 2,100 sq ft of living space on a generous 6,500 sq ft lot with a detached garage. The appeal lies in its classic architecture, its above-average citywide footprint, and the quiet, tree-lined prestige of the Crescentwood area. The home presents a solid foundation but requires modernization, as the basement is noted as not renovated.
The property would suit a specific buyer: someone seeking a character home with good bones who is prepared for updates. It's ideal for a purchaser who values lot size and neighbourhood charm over new construction, and who sees potential in a century-old property. A thoughtful perspective is that while the home's living area is modest for Kingsway itself, its lot size and assessed value are competitive within the street, suggesting the value is in the land and location as much as the current structure. It’s a home for a buyer looking to put their own stamp on a piece of Winnipeg’s history.
Frequently Asked Questions
1. How does this home compare in size to others in the area?
While its living space is below the average for Kingsway, it is around average for the broader Crescentwood neighbourhood and is significantly larger than the typical Winnipeg home, placing it in the top 8% citywide.
2. What does the assessed value indicate?
The assessed value is around average for both Kingsway and Crescentwood, but ranks in the top 6% citywide. This typically reflects the desirable location and lot, rather than a high-end finished condition, which aligns with the note about an unrenovated basement.
3. Is the age of the home (1906) a concern?
The home is among the older properties in the area, which means potential for classic architectural details but also likely requires careful inspection for aging systems, insulation, and windows. It appeals to those seeking historic character.
4. What is the potential here for a buyer?
The primary potential lies in the combination of a large lot in a prime neighbourhood with a character home that has retained its original layout. A buyer could modernize the interior and basement over time, significantly increasing its value and comfort.
5. How does the last sale price relate to current value?
The home sold for $530k in early 2021. Market conditions and any changes made since then will influence current value, but that sale provides a recent benchmark for a similar state of the property.