Property Overview: 136 Kingston Row, Elm Park, Winnipeg
Key Characteristics & Appeal
This 1,425 sqft one-and-a-half storey home, built in 1937, presents a practical opportunity in the established Elm Park neighborhood. Its primary appeal lies in its balance of space and value. The home offers above-average living area for Elm Park itself, providing more interior room than many local comparables, while its citywide assessed value is positioned around the median. This suggests a property where the interior utility may outweigh the premium for lot size, as the land parcel is smaller than most on its street but is closer to the neighborhood and city averages.
The renovated basement adds functional living space, a significant asset in a character home. Without a garage or pool, the property suits buyers seeking a lower-maintenance footprint without sacrificing indoor space. It would particularly appeal to first-time buyers or downsizers looking for a character home in a mature neighborhood, who prioritize a move-in-ready basement and efficient interior layout over a large yard or newer construction. A thoughtful perspective is that this home represents a "neighborhood-value" play: it allows entry into Elm Park, a desirable area, by offering a competitively sized house on a more modest lot, potentially freeing up budget for personal updates.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is around the average for both the Elm Park neighborhood and Winnipeg citywide. However, it is below the average assessed value for houses directly on Kingston Row itself, which may indicate a value position relative to its immediate street.
2. What should I know about the lot size?
At 5,688 sqft, the lot is notably smaller than the average for Kingston Row but is above the average lot size for the broader Elm Park area. This means outdoor space is more compact than some neighbors but is reasonably sized for the community.
3. Is the living space typical for a home of this era and area?
Yes, and it's a standout feature. The 1,425 sqft of living area is above the average for Elm Park, meaning you get more interior space than many comparable homes in the neighborhood, which can offset the smaller lot.
4. The home was last sold in 2017. What does that mean?
The 2017 sale price provides a historical data point, but market conditions have likely changed. It indicates a stable ownership period and suggests any renovations, like the basement, are relatively recent.
5. Who would this home suit best?
This home is well-suited for buyers who value interior space and a renovated basement over a large yard or a brand-new build. It’s a practical choice for those wanting to enter a mature neighborhood like Elm Park, with a property that offers character and function without the premium of a larger lot.