Property Overview: 307 Kingston Crescent
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1940, sits on a generous 9,025 sqft lot on Kingston Crescent. With 1,729 sqft of living space and a renovated basement, it offers a comfortable footprint. The home features a detached garage and no pool.
Its primary appeal lies in its balanced, established nature. While the house itself is typical for its street and neighborhood in terms of size, value, and age, it offers two distinct advantages. First, the lot size is notably larger than the Winnipeg average, providing valuable outdoor space in the city. Second, the renovated basement adds modern, functional living area. The home last sold in 2019, suggesting a period of recent ownership.
This property would suit a buyer looking for a solid, character home in a mature area who values a larger yard over a brand-new build. It’s ideal for someone who appreciates the space and stability of an established neighborhood and may be looking for a home with some updates (like the basement) already in place, while being comfortable with the maintenance that comes with an older property.
Section 2: Frequently Asked Questions
1. How does this home compare to others in the area?
The data shows this home is very much in the middle of the pack for Kingston Crescent in terms of living space, assessed value, and age. Its standout feature locally is the above-average land area.
2. Is the lot size a significant advantage?
Yes, particularly from a city-wide perspective. The lot is in the top 8% in Winnipeg for size, which is a considerable asset for privacy, gardening, recreation, or future expansion, especially compared to newer subdivisions.
3. What does "around average" for the year built mean?
Built in 1940, it is typical for its immediate area. Buyers should expect the classic charm and potential layout considerations of a home from this era, alongside the need for diligent maintenance checks on older components like plumbing, wiring, and the roof.
4. The assessed value seems low. Is that accurate?
The assessed value figures shown (e.g., $49.70k) are not the market value or sale price; they are a municipal assessment figure used for calculating property taxes. The actual sold price from 2019 was in the $400k+ range. Market value is determined by current sale prices, not this assessment number.
5. Who would benefit most from the renovated basement?
The renovated basement adds flexible space that could serve as a family room, home office, or hobby area. It’s a key feature for buyers seeking immediate livable space without a major project, adding functional square footage that isn’t reflected in the above-grade living area total.