199 Kingsway

Property Overview

This 1913 two-and-a-half storey home on Kingsway in Crescentwood offers a classic, established presence with significant space. Its key appeal lies in its generous 3,168 sqft living area, which ranks within the top tier of homes citywide, providing ample room for family living and entertaining. The property features a detached garage and a renovated basement, adding functional utility. While the home itself is historic, its assessed value is competitive for the prestigious Crescentwood area, positioning it as a solid value within one of Winnipeg's most desirable neighbourhoods. The lot size is a comfortable 6,489 sqft, offering good outdoor space that is above average compared to the wider city.

This home would best suit buyers looking for character and space over modern new construction. It’s ideal for a family seeking a long-term home in a prime, tree-lined neighbourhood with strong community roots. The buyer should be prepared for the nuances and maintenance that come with a century-old home, balanced by the appeal of established architecture and a generous floor plan. It represents an opportunity to own a substantial property in an elite area without the premium price tag of a fully modernized or newly built equivalent.

Frequently Asked Questions

How does the home’s age impact its value and appeal?
Built in 1913, the home is older than the citywide average but typical for historic Crescentwood. This age contributes to its character and is reflected in a potentially lower assessed value relative to its square footage and location, which can be an advantage for property taxes. Buyers value this era for craftsmanship and space, but should budget for updates.

Is the living space efficiently laid out?
With over 3,100 sqft, the home offers abundant space. However, as a historic two-and-a-half storey, the floor plan may include more segmented rooms rather than an open concept. The appeal is in traditional, defined living areas, which suit formal entertaining and multi-generational living better than a modern open loft style.

How does the lot size compare to the neighbourhood?
At 6,489 sqft, the lot is slightly below the Crescentwood average but remains a substantial urban parcel. It provides generous yard space for gardens, play, or relaxation, while potentially requiring less maintenance than the largest estates on the street.

What does the "renovated basement" typically mean for a home of this age?
In a 1913 home, a renovated basement often means it has been modernized for livable space, such as a family room or office, and includes updated utilities. It’s crucial to clarify the scope, permits, and moisture control measures, as basements in century homes can be a challenge.

Why is the assessed value notably lower than the last sale price from 2016?
The 2016 sale price of $600k reflects the market value at that time, while the current assessed value (approximately $70k for land and building) is a figure used for municipal tax purposes. In Manitoba, this assessment is not intended to match market value. The significant gap between the two numbers is normal and not an indicator of current market price.