Property Overview: 29 Kingston Row, Elm Park, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the established Elm Park neighborhood is a compact, no-fuss property built in 1940. With 1,028 sqft of living space and a renovated basement, it offers efficient, single-level living on a 5,655 sqft lot. Its recent sale price of $29.5k aligns with a below-average assessed value for the street, but sits closer to the neighborhood and city-wide averages, suggesting it represents a value-conscious entry point.
The primary appeal lies in its location and simplicity. It suits first-time buyers, downsizers, or investors seeking an affordable foothold in a mature neighborhood like Elm Park without the maintenance of a larger property or a yard. A thoughtful perspective is that while the home is smaller than most on its street, its lot size is actually above average for Elm Park itself, offering relative outdoor space potential in the context of the area. The renovated basement adds functional space, offsetting the modest main floor square footage. This is a property for those who prioritize location and lot over sheer interior size, and who see value in a home that is uncomplicated and financially accessible.
Section 2: Frequently Asked Questions
1. Is this a small house?
Yes, at 1,028 sqft, the living area is notably smaller than the average home on Kingston Row and is below the city-wide average. However, it is very close to the typical size for the broader Elm Park neighborhood.
2. What does the "below average" assessed value mean?
The assessed value is lower than most homes on its immediate street. This typically indicates a more modest property compared to its neighbors, which can translate to relatively lower property taxes, but it also reflects the home's smaller size and vintage.
3. Who would this home suit best?
It would suit budget-conscious buyers, including first-time homeowners wanting to enter a established neighborhood, or downsizers looking for a manageable, single-level layout without a large yard to maintain.
4. How does the lot size compare?
While the lot is smaller than others on Kingston Row, it is actually larger than many lots within the Elm Park neighborhood overall. This means you may have more usable outdoor space than many area homes, which is a less obvious advantage.
5. The home was built in 1940. What should I consider?
While the basement has been renovated, a home of this age will likely have older core components (like plumbing, electrical, and the roof). A thorough inspection is essential to understand the condition and any needed updates beyond the renovated areas.