382 Kensington Street

Property Overview: 382 Kensington Street, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home in Kensington presents a compelling mix of space, location, and value. Its key characteristic is a generous 5,004 sqft lot, which ranks in the top 3% of the neighbourhood, offering significant outdoor space that is rare for the area. The 1,080 sqft living area is above average for both the street and Kensington, providing comfortable interior space. The home features a renovated basement and a detached garage.

Its appeal lies in its strong positioning within the immediate community. The property consistently ranks above average for its street and neighbourhood in terms of living area, assessed value, and especially land size. This suggests a solid, well-regarded property in a stable context. However, the city-wide data provides a useful counterpoint: while a standout locally, it is more average compared to the entire Winnipeg market, indicating it represents a neighbourhood-centric value rather than a city-wide premium.

This home would suit a buyer looking for a established neighbourhood character with room to breathe. It’s ideal for someone who prioritizes a larger private yard over a brand-new build, and who values being in a home that stands above its direct peers in key metrics. It could be a fit for a young family seeking space, or a downsizer wanting a manageable home without sacrificing outdoor privacy.

Frequently Asked Questions

1. What does the "above average" ranking actually mean for value?
It means that compared to similar properties on Kensington Street and in the Kensington neighbourhood, this home scores better than most in categories like living area and land size. This often correlates with good value retention and desirability within that specific community.

2. The assessed value seems low. Is that accurate?
The assessed value of $27,900 is for municipal tax purposes and is not the market value. The last sold price range (2022: $295k-$325k) is a more relevant indicator of its market worth. The assessment being "above average" locally but "below average" city-wide highlights how property valuations can differ dramatically between a neighbourhood and the broader market.

3. How significant is the large lot size?
Very. Ranking in the top 3% for land area in Kensington is a major asset. It offers potential for gardening, expansion, or simply more privacy—a feature that is difficult to find or replicate in many established neighbourhoods.

4. The home was built in 1953. What should I consider?
While newer than the average home on its street, it is still a 70+ year-old structure. A renovated basement is a plus, but a thorough inspection of major systems (roof, plumbing, electrical, foundation) is essential to understand any upcoming maintenance or updates needed.

5. Who provides the exact historical sold price, and why is it not listed?
The exact sold price is considered proprietary data. The listing service (SaveOnHouse) offers to provide it manually via email upon request, which is a common practice in some Canadian markets to ensure serious inquiries and verify data accuracy.