173 Kingston Row

Property Overview: 173 Kingston Row, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home, built in 1942, presents a solid opportunity in the Kingston Crescent area. Its primary appeal lies in its generous proportions, both in living space and land. With nearly 2,000 square feet of living area and a lot size over 9,000 square feet, it offers significantly more space than the average Winnipeg home. The property features an attached garage and a renovated basement, adding practical, modern livability to its classic character.

The home’s assessed value places it well above average for the city, suggesting a perception of quality and desirability. Its standout feature is the land itself—the lot size ranks in the top 8% citywide, offering rare outdoor space and potential in an established neighborhood. While the home’s age is notable, it is consistent with other well-regarded homes on its street and in the immediate area.

This property would suit buyers looking for established neighborhood charm with ample room to grow or garden. It’s ideal for someone who values space over new construction and may appeal to those willing to take on a character home that has seen some updates, like the basement renovation. It represents a trade-off: a larger, more valuable asset in a prime area, likely in exchange for the maintenance and modernization considerations that come with an older home.

Frequently Asked Questions

1. How does the home’s age affect its value and condition?
Built in 1942, the home is older than most in Winnipeg overall but is typical for its desirable, established neighborhood. This age suggests potential for classic architectural details but also means crucial systems (like plumbing, electrical, or the roof) should be carefully inspected for modern standards and upkeep.

2. The assessed value seems high for the area. What does this indicate?
The assessment is in the top 15% on its street and top 6% citywide. This typically reflects the property’s above-average living area, large lot size, and the renovated basement. It indicates the municipal assessment views it as a premium property, which can be a positive for equity but also influences property taxes.

3. What is the significance of the large lot size?
At over 9,000 sq ft, the lot is a key asset. It offers exceptional outdoor space for a city property, with potential for gardening, expansion, or additions, subject to zoning. This is a less common find and a major contributor to the property’s high assessed value.

4. The home last sold in early 2021. What should I consider?
The sale was approximately four years ago. It’s important to understand what changes the current owners made during their tenure, as the “renovated basement” could predate them. Market conditions have also shifted since that sale, so a current market evaluation is essential.

5. How does this home compare to others nearby?
The data shows it consistently ranks above average in living space, value, and lot size compared to immediate neighbors on Kingston Row and in the wider Kingston Crescent area. This suggests it is a larger, more valuable property within an already well-regarded location.