Property Overview
371 Kingston Crescent is a substantial, historic home built in 1919, distinguished by its exceptional scale and prime location. The property's appeal is anchored in two standout features: a massive 3,790 sqft living area within a classic two-and-a-half-storey design, and an expansive 22,350 sqft lot, both ranking in the top 1% of comparable properties in Winnipeg. This combination offers rare potential for privacy, grand-scale living, and future expansion. The home presents as a project, with an unrenovated basement noted, suggesting value lies in its underlying structure and land rather than in turn-key finishes.
This property would suit a specific buyer: someone seeking a legacy home with the space for multi-generational living or significant customization, or an investor/developer who recognizes the value in one of the area's largest parcels of land. It's less suited to those seeking a low-maintenance, modernized home, and more aligned with a vision-driven owner prepared for a restoration or thoughtful update.
Key Details & FAQs
- Type: Two-and-a-half-storey house with an attached garage.
- Size: 3,790 sqft of living space on a 22,350 sqft lot.
- Condition: Basement is noted as not renovated.
- Last Sold: January 2021, for approximately $82.5k to $85.5k.
- Assessed Value: $85,300.
Frequently Asked Questions
1. Why is the assessed value relatively low compared to the home's size and lot?
The assessed value often reflects the property's current state and official valuation for tax purposes, which may not fully capture the market premium for such a large, rare lot in a desirable area, especially if the home itself requires updating.
2. What does "basement not renovated" imply?
This typically indicates the basement remains in an original or utilitarian state. Buyers should budget for potential updates to plumbing, electrical, or foundational repairs, and view it as raw space to be finished to their own standards.
3. Given the home's age (1919), what should I be mindful of?
Prospective buyers should prioritize inspections for period-specific systems like knob-and-tube wiring, original plumbing, and the foundation's integrity. The charm of historic construction comes with a responsibility to understand its maintenance needs.
4. The lot is enormous. What are my options for it?
Beyond the exceptional backyard privacy, the lot size opens possibilities not found in typical city homes: adding a large garage or workshop, creating extensive landscaping or gardens, or even potential subdivision, subject to City of Winnipeg zoning and bylaws.
5. Who are the most likely buyers for this property?
The most natural fits are: (a) a family needing extensive space and willing to undertake a gradual restoration, (b) a builder or developer interested in the land's potential, or (c) an owner looking for a multi-unit living opportunity (where permitted), given the home's significant square footage.