Property Overview: 108 Kingston Row, Elm Park, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Elm Park is defined by its compact efficiency and historic charm. Built in 1922, it offers 720 sqft of living space with a renovated basement on a 3,193 sqft lot. The data reveals a clear profile: this is one of the smallest and most modestly assessed properties on its street, in the neighborhood, and citywide. Its appeal lies not in size or luxury, but in affordability, simplicity, and location. It represents a rare entry point into a mature, established neighborhood like Elm Park.
The property would suit a specific type of buyer: a first-time homebuyer or minimalist seeking an affordable foothold in a central area, an investor looking for a manageable rental property, or someone wanting to downsize drastically without leaving the community. Its renovated basement adds functional space, making the small main floor more viable. A thoughtful perspective is that this home offers the chance to live in a desirable area while maintaining very low property taxes, thanks to its exceptionally low assessed value. It’s a property for those who value location and financial efficiency over square footage.
Section 2: Frequently Asked Questions
1. Is this a "tiny home"?
While not marketed as such, at 720 sqft it aligns with the smaller end of the housing spectrum. It offers a lifestyle of simplicity and reduced upkeep, which is a core appeal for the right buyer.
2. Why is the assessed value so much lower than the citywide average?
The assessed value ($29.90k) is based on the property's specific characteristics—its small size, age, and modest footprint relative to its lot. It consistently ranks in the bottom tier for value among comparable homes locally, reflecting its status as an affordable option in the area.
3. What does the ranking data (e.g., "Top 100%") actually mean?
Phrases like "Top 100%" for Living Area on Kingston Row mean this home has the smallest living area on that street—it ranks 308 out of 308 comparable properties. This data objectively shows it is significantly smaller and valued lower than its immediate and citywide peers.
4. Is the small lot size a disadvantage?
The lot is smaller than average for the area, which means less exterior maintenance. For a buyer seeking a low-maintenance yard or who prioritizes indoor space efficiency, this can be a practical benefit rather than a drawback.
5. Given its age, what should I be most concerned about?
Any home over 100 years old requires a diligent inspection. While the basement is noted as renovated, focus should be on the condition of the core structure, foundation, roof, and major mechanical systems (plumbing, electrical, heating) which may be older or have undergone partial updates.