Property Overview: 134 Kingston Row, Elm Park, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the established Elm Park neighborhood presents a specific and compelling value proposition. Its key characteristic is its modest, renovated 945 sqft living space, which is notably smaller than most homes on its street and in the wider area. This is balanced by a decently sized, above-average lot for Elm Park at over 5,600 sqft. Built in 1930, it offers classic charm with the practicality of a renovated basement and a detached garage.
The appeal lies in its efficiency and location. It suits buyers seeking an affordable entry into a desirable neighborhood without the upkeep of a larger house. It’s ideal for a first-time buyer, a downsizer looking to rightsize, or an investor seeking a manageable rental property. The renovated basement adds functional living space, while the larger-than-typical lot for the area offers valuable outdoor privacy and potential—a less obvious advantage in a neighborhood of older homes. Its assessed value is around average for the city, suggesting a fair entry point, but its lower square footage means you’re primarily paying for the location and land rather than interior size.
Section 2: Frequently Asked Questions
1. Is the house too small for a family?
It depends on the family's needs. While its living area is below average, the renovated basement effectively doubles the usable space. It would suit a small family comfortable with efficient living or a couple planning for the future.
2. What does "below average" for living area on the street really mean?
Homes on Kingston Row are generally larger, averaging about 1,695 sqft. This home is in the smaller 5% on its own street, which highlights its uniqueness as a more compact, lower-maintenance option in a street of larger properties.
3. How does the lot size benefit me if the house is small?
The lot is a standout feature. It provides generous outdoor space for gardening, recreation, or future expansion like a deck or shed—something that can be rare in older neighborhoods. It offers a sense of openness that compensates for the cozier interior.
4. Is the assessed value a good indicator of the listing price?
The assessed value ($34.60k) is a municipal figure for tax purposes and is not a market price. Market value is determined by recent sales, condition, and demand. It does, however, indicate the home is not in the premium tax bracket for the area.
5. What are the pros and cons of a 1930s build?
Pros include solid construction and classic character often found in Elm Park. Cons typically involve the potential for older mechanical systems (like plumbing or wiring) that may need updating, even if the basement itself has been renovated. A thorough inspection is essential.