Property Overview: 115 Kingston Row, Elm Park, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1940, presents a classic Elm Park opportunity centered on its generous, above-average lot. With over 8,700 square feet of land, the property ranks in the top 6% of the neighborhood for lot size, offering significant outdoor space and potential in a mature, established area. The 1,216 sqft living area is compact relative to some neighbors but is complemented by a renovated basement, adding functional space. A detached garage completes the picture.
The primary appeal lies in a compelling value proposition within a desirable neighborhood. The home’s assessed value is notably above average for both Elm Park (top 7%) and city-wide comparisons, suggesting a solid investment in a prime location. Its recent sale history indicates active market interest. This property suits buyers seeking a character home on a large lot who are willing to work with or update a smaller main-floor footprint. It’s ideal for those who prioritize land and location over sheer interior size, appealing to long-term builders of equity, garden enthusiasts, or owners planning a future addition.
Frequently Asked Questions
1. How does the living space compare to the neighborhood?
The home’s living area is below the average for its immediate street but is around the average for the broader Elm Park neighborhood. The renovated basement effectively expands the usable space beyond the main 1,216 sqft.
2. Why is the assessed value so high relative to the home's size?
The assessed value reflects more than just the house; it heavily incorporates the premium value of the land. Owning a lot in the top 6% of Elm Park for size is a key driver, indicating the property’s value is anchored in its location and land potential.
3. What does the sale history indicate?
The property sold in September 2022 for $57.5k and previously in August 2021 for $54.8k. This pattern shows consistent market activity and price appreciation over a short period, underscoring the area’s demand.
4. Is the lot size a practical benefit or just a statistic?
It’s a tangible benefit. A lot of this scale (over 1/5 of an acre) in a mature neighborhood is rare. It provides ample room for gardening, recreation, private outdoor living, and future projects like a larger garage, workshop, or even an addition, subject to zoning.
5. What should I consider about the home's age?
Built in 1940, the home is typical for the street and area. While it offers classic charm, a prospective buyer should budget for and inspect age-appropriate systems (plumbing, electrical, roof) and consider energy efficiency updates, balanced against the character and established neighborhood feel.