208 Kingsway

Property Overview: 208 Kingsway, Crescentwood, Winnipeg

Section 1: Key Characteristics & Appeal

This is a substantial, historic home on a premier Crescentwood street, defined by its generous scale and clear potential. Its key characteristic is space: with over 3,650 sqft of living area, it ranks in the top 1% city-wide for size, and it sits on a nearly 10,000 sqft lot that is significantly larger than most in the area. Built in 1907, it offers classic two-and-a-half-storey architecture and the enduring charm of its era, including a detached garage. The appeal lies in a rare combination of a top-tier location and a canvas for customization. The home presents a clear opportunity for a buyer to restore and modernize a character-filled property to their own taste, with the valuable work of a major renovation already reflected in its assessed value. It would suit a buyer with a vision—someone looking for a historic footprint in a coveted neighbourhood, who is prepared for a project to create their dream home. It’s also a compelling option for those prioritizing land value and future potential over immediate move-in readiness.

Section 2: Frequently Asked Questions

1. Is the price reflective of the condition?
Yes. The assessed and recent sale values are notably below the averages for Kingsway and Crescentwood, which typically indicates the property requires significant investment. This aligns with the note of an unrenovated basement, suggesting the home needs modernization throughout.

2. What does "top 1% for living area city-wide" really mean?
It means this home has more interior square footage than 99% of properties in Winnipeg. For perspective, it’s over 2,300 sqft larger than the average Winnipeg home. This is a key asset, offering ample room for living, growing, or reconfiguring layouts.

3. How does such an old home compare to others on the street?
Its 1907 build date makes it one of the older homes on Kingsway, where the average year built is 1923. This isn’t uncommon for the neighbourhood, but it underscores the home’s historic character and the likelihood of older mechanical systems and infrastructure that may need attention.

4. Is the large lot a major advantage?
Absolutely. The lot is in the top 12% on Kingsway for size, providing exceptional outdoor space, privacy, and potential for gardens, additions, or landscaping that newer, denser developments cannot match. This is a permanent, appreciating feature.

5. Who is the typical buyer for this property?
The most likely buyer is not looking for a turn-key home. They are likely a renovator, a builder, or a family planning a long-term restoration project who values the irreplaceable location and proportions over immediate convenience. The value here is in the underlying asset—the land and the historic structure—not in current finishes.