Property Overview: 303 Kingston Crescent, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1940, presents a classic Winnipeg character property on a generous, mature lot. Its primary appeal lies in its above-average living space (1,931 sq ft) and a land area (8,775 sq ft) that ranks within the top 10% citywide, offering significant room for gardening, play, or future expansion. The home features a basement, though it is noted as not renovated, and does not include a garage or pool.
The property sits in a solid middle ground for its immediate area: its size and lot are assets, while its assessed value is comfortably average for Kingston Crescent. This creates an opportunity for buyers seeking a home with inherent "good bones" and space in a known neighbourhood, without a premium price tag for a fully updated property. It would suit a practical buyer who values interior space and outdoor potential over modern finishes, and who is prepared to take on a basement renovation or is comfortable with its current state. The recent sale in mid-2024 suggests a stable, established value in the market.
Frequently Asked Questions
1. What does "one-and-a-half storey" typically mean for a 1940s home?
This style often features a main floor with principal rooms and a second floor under sloping roof lines, which may include cozy bedrooms or dormers. It’s a classic design offering more character and potentially more space than a true bungalow, but with a different layout than a full two-storey.
2. The assessed value seems low compared to the recent sale price. Why is that?
Municipal assessed value for tax purposes is not intended to reflect current market value. It’s based on mass appraisal techniques and can lag behind rapid market shifts. The sale price is the true indicator of what the market was willing to pay at that time.
3. The lot size is a standout feature. What are the possibilities?
Beyond gardening, a lot of this size in the city could allow for a substantial addition, the creation of a detached garage or workshop (subject to zoning), or simply the preservation of valuable green space and privacy that is harder to find in newer subdivisions.
4. What are the implications of an unrenovated basement?
This indicates the basement is in original or functional condition but may lack modern finishes, moisture-proofing, or a developed layout. It represents both a project cost and an opportunity to customize the space to your needs, from storage to a future rec room.
5. How does this home compare to others in Winnipeg overall?
The data shows this property offers more living space and a significantly larger lot than the average Winnipeg home. While its age is greater than the citywide average, this is typical for its established neighbourhood and is reflected in its character and mature setting.