Property Overview: 19 Kingswood Avenue
Key Characteristics & Appeal
This home presents a distinct value proposition centered on its generous lot and its position within a well-established neighbourhood. The key characteristic is the balance between a modest, older house and a larger-than-average land parcel for its immediate area. At just over 5,100 sqft, the lot size is above the local street and neighbourhood averages, offering valuable outdoor space and potential.
The primary appeal lies in its affordability and opportunity. With a living area of 631 sqft and an assessed value significantly below area averages, this property is priced for entry. It suits first-time buyers, downsizers, or investors seeking a foothold in Varennes without the premium of a larger or fully renovated home. It’s a classic “value-add” prospect: the appeal is not in its current state, but in what it could become, whether through renovation, expansion, or simply securing a sizable lot in a mature area. A thoughtful perspective is that its below-average metrics across living space and value actually insulate it from higher property taxes compared to neighbours, making it a cost-effective holding.
Frequently Asked Questions
1. Why is the assessed value so much lower than the street and neighbourhood averages?
The assessed value reflects the home’s older age (1924), smaller living area, and likely its current condition and features compared to updated or larger homes on the same street. It is fundamentally assessed as a more modest property.
2. Is the small living area a major drawback?
It depends on your needs. For a single person, couple, or downsizer, 631 sqft can be sufficient. The trade-off is the larger lot, which provides space that isn’t reflected in the interior square footage. For some, the potential to expand the living space in the future is a key part of the property’s value.
3. What does "Top 28%" for Lot Size on the street actually mean?
This ranking means this property’s lot is larger than 28% of the 54 comparable lots on Kingswood Avenue. In simpler terms, it has one of the more sizable lots on the street, which is a relative strength.
4. As an older home, what should I budget for immediately?
While a full inspection is essential, buyers should realistically budget for updates to aging core systems typical of a century-old home, such as wiring, plumbing, and the roof. The potential for charm is matched by the potential for maintenance.
5. How should I interpret the "Below Average" city-wide rankings?
This is expected for an older, smaller home in a major city. It doesn’t reflect desirability, but rather scale. Winnipeg’s average home is much larger and newer, so this property’s value is hyper-local, based on its specific lot, street, and neighbourhood context rather than city-wide comparisons.