Property Summary: 13 Kingswood Avenue
Key Characteristics & Appeal
This 1945-built home on a generous 6,711 sqft lot presents a compelling opportunity in the Varennes neighborhood. Its primary appeal lies in the exceptional lot size, which ranks as the largest on Kingswood Avenue and is well above average for both the neighborhood and the wider city. This offers significant outdoor space and potential for gardening, expansion, or simply enjoying a larger-than-typical yard.
The 868 sqft living area is typical for the immediate street and neighborhood, offering a manageable footprint, but is below the Winnipeg city average. Similarly, its assessed value sits below the averages for its street and the city, suggesting a potentially accessible entry point into the area. This combination creates a specific value proposition: you are purchasing a premium parcel of land with a modest, classic home.
This property would suit a practical buyer who values private outdoor space over a large interior, such as a first-time homeowner, a downsizer, or an investor looking for a property with strong land value. It’s for someone who sees the lot as the main asset and is comfortable with a home that may require updates common for its era.
Frequently Asked Questions
Q: Is the house particularly small?
A: For the City of Winnipeg, yes, its living area is below the citywide average. However, it is very much in line with the typical size of homes on Kingswood Avenue and in the Varennes neighborhood, where smaller, character homes are common.
Q: Why is the assessed value below average for the street?
A: The assessed value reflects the property's current state as perceived for taxation. Given the home's smaller size and older age compared to some peers on the street, a lower assessment is logical. The standout feature is the land, not the structure's current valuation.
Q: What does the "elite" ranking for land area actually mean?
A: It means this property has the largest lot among the 54 comparable homes analyzed on Kingswood Avenue. You are getting more land than any of your immediate neighbors, which is a rare and fixed advantage.
Q: As a 1945 home, what should I be prepared for?
A: While systems may have been updated, you should budget for maintenance and potential upgrades consistent with the era, such as older plumbing, electrical, or insulation. A thorough inspection is essential.
Q: Is this a good investment?
A: The investment case hinges on the land. The lot itself is a scarce resource in the area. Future value will depend on broader market trends and any potential to enhance or redevelop the property, leveraging its sizable parcel.