Property Overview: 41 Kingston Row, Elm Park, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1927, presents a compelling blend of established character and modern practicality in the desirable Elm Park neighborhood. Its primary appeal lies in its generous proportions and strong value positioning. With 2,000 sqft of living space, the home is significantly larger than most in the area, offering ample room for a growing family or those who value spacious interiors. The basement has been renovated, adding functional living space.
The property’s assessed value places it in the elite top 2% for Elm Park, suggesting a premium, well-maintained home in a sought-after location. While the lot size is slightly below average for Kingston Row itself, it remains above average for both the neighborhood and the city, providing good outdoor space. The detached garage adds practical storage or workshop potential.
This home would best suit buyers looking for a character home with more space than a typical bungalow, who appreciate the mature trees and established feel of Elm Park. It’s ideal for someone who values a home that stands out in terms of size and perceived value within its community, rather than a brand-new build. A thoughtful perspective is that its 1927 construction, while older, often comes with a level of craftsmanship and architectural detail not found in newer homes, and the renovated basement indicates thoughtful updates.
Section 2: Frequently Asked Questions
1. Is the home’s older age (1927) a concern?
While older than most on the street, the home’s elite assessed value suggests it has been well-maintained and updated. Buyers should prioritize a thorough inspection to understand the condition of major systems like wiring, plumbing, and the foundation, which is standard for any home of this era.
2. How does the lot size compare?
At 6,577 sqft, the lot is above average for both Elm Park and Winnipeg overall. It is, however, slightly below the average for Kingston Row itself, meaning some immediate neighbors may have larger yards, but the property still offers substantial outdoor space.
3. What does the "Top 2%" assessed value ranking mean for Elm Park?
This indicates the home is assessed at a value higher than 98% of comparable properties in Elm Park. This typically reflects a combination of its larger size, renovations, and desirable location, suggesting it is a premium property within the neighborhood.
4. The home sold in 2020 and 2016. What does that indicate?
The two sales in relatively quick succession could indicate a number of neutral factors, such as job relocation or a change in family needs. The increase in sale price between 2016 and 2020 shows appreciated value during that period.
5. Who would this home not suit?
It may not be ideal for buyers seeking a low-maintenance, modern open-concept layout without any renovation projects, as some layout adjustments may be desired. It also may not suit those looking for the very largest lot on the block, as some neighboring properties have more land.