Property Overview: 24 Kingston Row, Elm Park, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the established Elm Park neighbourhood presents a specific and practical value proposition. Its key characteristic is its modest, efficient scale: with 957 sqft of living space and a renovated basement, it offers essential living areas without excess. The detached garage and a near-average city lot size of 5,481 sqft provide functional outdoor and storage space.
The appeal lies in its position as an affordable entry point into a mature, tree-lined neighbourhood. The home’s 1941 build date is actually newer than many on its street, suggesting potentially fewer vintage-home concerns than immediate neighbours. While its living space is notably compact compared to other homes on Kingston Row, this translates to a lower assessed value and likely a more accessible price point. It suits first-time buyers, downsizers, or practical investors seeking a lower-maintenance footprint in a central location. It’s a home for those who prioritize location and lot over square footage, viewing the property as a comfortable live-in base or a long-term holding with renovation potential.
Section 2: Frequently Asked Questions
1. Is this a small house?
Yes, relative to its immediate street and area. At 957 sqft, it is significantly smaller than the average home on Kingston Row (~1,695 sqft) and slightly below the city average. This is its defining feature.
2. What does the "renovated basement" include?
The listing notes a renovated basement but does not specify the scope. This would be a key point for clarification with the seller or agent to understand if it’s a finished living space, updated utilities, or both.
3. How does the assessed value relate to the likely sale price?
The home’s assessed value is $31,800k, but it last sold in June 2022 for $310,000. This large discrepancy is common and highlights that assessed value for municipal taxes is not a market valuation. The 2022 sale price is a more relevant benchmark.
4. Is the lot size a drawback?
The lot is smaller than others on its street but is close to the average for Elm Park and city-wide. At over 5,400 sqft, it is still a generous urban lot, offering good outdoor space for its home’s footprint.
5. Who might this property not suit?
It may not suit buyers requiring multiple large bedrooms, extensive living areas, or who prefer a brand-new home. Its compact size and vintage (though not the oldest on the block) require a buyer comfortable with a cozy layout and potential updates.