Property Overview
426 Kent Road is a one-storey home in Winnipeg's East Elmwood neighbourhood. Built in 1955, its key characteristic is a generous 5,954 sqft lot, which is significantly larger than most in the immediate area. The living space (796 sqft) is modest and below the neighbourhood average, presenting a home where the land itself is a primary feature. Its assessed value is relatively low compared to the city-wide average, positioning it as an accessible entry point.
The appeal lies in its potential. The large, above-average lot offers room for expansion, gardening, or outdoor living that is harder to find in newer subdivisions. It suits first-time buyers or practical investors looking for a lower-cost footprint with room to grow, either through renovations or by utilizing the land. It's a property for those who see value in space and future possibility over immediate move-in size and finish.
Frequently Asked Questions
1. Is the house in need of major updates?
Given its age (1955) and below-average living area, it's very likely the interior would benefit from modernization. Buyers should budget for updates to systems, kitchen, and bathroom.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's modest size, age, and its location in East Elmwood. It indicates a more affordable property tax burden compared to many parts of Winnipeg.
3. What can be done with such a large lot?
The lot size is the standout feature. It provides excellent potential for a sizeable addition, a detached garage or workshop, or simply extensive private outdoor space—a rarity for the price point.
4. How does the last sale price compare?
The home sold in July 2022 for $31,500. This historical price, significantly below typical market values, suggests it may have been a non-arms-length transaction or sold in as-is condition, and is not a reliable indicator of current market value.
5. Are the neighbouring properties similar?
Nearby homes on Kent Road are of similar vintage but vary in size and value. For instance, one neighbour has a similar floor plan and assessment, while another has more living space and a much higher assessment, highlighting the range of possibilities on the street.