Property Overview: 201 Kingston Row, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Kingston Crescent is defined by a compelling contrast: a modest, 889 sqft house on a notably large, 10,208 sqft lot. Built in 1929, the home itself is smaller and older than most in its immediate neighborhood and across Winnipeg. The basement exists but is unrenovated, and the property includes a detached garage. Its assessed value is relatively modest for the area.
The primary appeal lies in the land itself. The lot size is well above average, ranking in the top 20% locally, which presents a significant opportunity for expansion, gardening, or simply enjoying ample private outdoor space—a rarity for homes at this price point in the area. This makes it a classic "value in the land" proposition.
This property would best suit a specific type of buyer: a handy individual or investor looking for a footprint to build upon, whether through a major renovation, an addition, or future redevelopment. It’s also a potential fit for a minimalist buyer who prioritizes large outdoor space over a large interior, understanding that the existing home offers cozy, basic accommodation. It is less suited for those seeking a move-in-ready or spacious modern home without renovation plans.
Section 2: Frequently Asked Questions
1. Is this a "tear-down" property?
Not necessarily. While the house is small and the basement is unrenovated, it is a functional dwelling. The value, however, is heavily weighted toward the land. Buyers should evaluate their intentions: it can be lived in as-is, renovated over time, or eventually replaced, with the lot providing the flexibility for all these options.
2. How does the assessed value compare to the likely selling price?
The assessed value is a municipal figure for tax purposes and is often below market value, especially for older homes on desirable lots. The last known sale was in the $39.5k-$42.5k range in 2023. A current sale price would be influenced more by land value and market conditions than by this assessment.
3. What are the main considerations for renovating or expanding?
Any significant work would need to account for the home's age (97 years), including potential updates to foundational, electrical, and plumbing systems. The large lot is a major asset for an addition, but all plans would require checking local zoning bylaws and obtaining proper permits.
4. The house is smaller than most in the area. Will that affect resale?
It positions the property uniquely. For buyers seeking a large lot, it's an advantage. For buyers prioritizing immediate interior space, it's a drawback. Its future value will depend more on the overall potential of the property (lot + house) than on the current home's size alone.
5. What is the neighborhood like for a home of this size and vintage?
Kingston Crescent features a mix of home sizes and eras. This property is among the smaller and older homes on the street, meaning neighboring houses are likely larger and more updated. This can be positive for maintaining area property values, but buyers should be comfortable with that contrast.