Property Overview: 325 Kingston Crescent, Winnipeg
Key Characteristics & Buyer Appeal
This two-storey home on Kingston Crescent is defined by its generous scale and prime location. Its most prominent feature is the substantial living space of 2,722 sq ft, which places it within the top 5% of homes on its own street and the top 2% citywide. This is complemented by an expansive, above-average lot of nearly 10,000 sq ft. While the home's 1927 build date is older than many in the area, it comes with a renovated basement and an attached garage. The property’s assessed value is consistently ranked in the elite tier across all comparison groups, indicating a strong and recognized valuation foundation.
The appeal lies in the rare combination of a large, classic home on a sizable lot within a well-established crescent. It suits buyers looking for space and character over new construction, potentially offering room for further updates or additions. It would be ideal for a family seeking room to grow, someone who values lot size for privacy or gardening, or an investor attracted by a property with proven, high-tier assessed value in a stable neighbourhood. A less obvious perspective is that its "below average" year-built ranking, when paired with its elite size and value rankings, suggests a home where the land and overall square footage significantly outweigh the age factor—a potential value proposition for the right buyer.
Frequently Asked Questions
1. How does the home’s age affect its value and condition?
Built in 1927, the home is older than most on the street. While this can mean a need for careful inspection of older systems, the elite rankings for living area and assessed value show that its size, lot, and location are major, counterbalancing factors in its overall market valuation.
2. What does the "elite" ranking for assessed value actually mean?
It means the municipal assessed value of this property is higher than approximately 95-98% of comparable homes in its various comparison groups (street, area, city). This is a strong indicator of its official valuation relative to the market, though the final sale price is determined by current buyer demand.
3. Is the sold price from 2021 relevant today?
The listed sold price range from May 2021 (approximately $76.5k - $79.5k) is a historical data point. Given significant market changes since then, it should not be used as a direct indicator of current value but rather as part of the property's price history.
4. What are the advantages of such a large lot?
The 9,850 sq ft lot offers ample outdoor space, potential for additions like a deck or garage, greater privacy from neighbours, and landscaping possibilities. It’s a feature that is increasingly rare, especially in older, established neighbourhoods.
5. Who would this property not be suitable for?
It may not suit buyers seeking a modern, low-maintenance, or brand-new home without any projects. The older age suggests potential for ongoing upkeep. It’s also likely less suited for those who prioritize a recently built neighbourhood aesthetic or who have a strict budget without room for possible updates.