Property Overview: 340 Kingston Crescent, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1931, situated on a generous 7,090 sqft lot in Winnipeg's Kingston Crescent area. With 996 sqft of living space and a renovated basement, its key characteristic is its modest scale relative to its surroundings. The home's assessed value is notably below the averages for its immediate street and neighborhood, yet it sits close to the city-wide average, suggesting it represents a more accessible entry point into this area.
Its primary appeal lies in its land value and location. The lot size is above the city-wide average, offering potential for expansion, gardening, or simply more private outdoor space than is typical. The renovated basement adds functional living area. This property would best suit first-time buyers, downsizers, or practical investors seeking a foothold in the neighborhood without a premium price tag for the house itself. It’s a home for those who value land over square footage and see potential in a solid, no-frills structure that allows them to live in the area while possibly customizing it over time. A less obvious perspective is that its below-average metrics for the street might offer a degree of insulation from the highest property taxes in the area, while still providing the location benefits.
Frequently Asked Questions
1. Why is the assessed value so much lower than neighboring homes?
The assessed value reflects the home's smaller size (996 sqft), older age, and modest characteristics compared to larger, more updated homes on Kingston Crescent. The value is driven significantly by the land and location.
2. What does the "renovated basement" include?
The listing confirms a renovated basement but does not specify the finishes or layout. This would be a key point to clarify with the seller or agent to understand the quality and added functionality.
3. Is there potential to expand or rebuild given the lot size?
The 7,090 sqft lot is substantially larger than the city-wide average, which often allows for additions or future redevelopment. Any plans would be subject to local zoning bylaws and would require proper permits.
4. How recent was the last sale, and what was the price?
Public data indicates a sale occurred in June 2020, with a price range between $31.5k and $34.5k. For the exact sale price, you can request the information directly via the provided email service on the listing page.
5. What is the parking situation without a garage?
The listing shows no garage. Typically, this means parking is via a driveway or on-street. Confirming the driveway capacity and local street parking regulations would be advisable.