Property Overview: 20 Kingswood Avenue
Key Characteristics & Appeal
This 723 sqft home, built in 1945 on a 5,120 sqft lot, presents a compelling case for value-focused buyers. Its primary appeal lies in a strong assessed value of $318k, which sits above average for both its street and the Varennes neighborhood. This suggests the property is well-regarded within its immediate context, potentially offering a solid entry point into a stable area.
The home’s living space is notably compact, ranking below average at every level from the street to the entire city. This characteristic defines its ideal buyer: someone seeking affordability and manageability over sheer size. It would suit a first-time homebuyer, a downsizer, or an investor looking for a practical rental. The generous lot size for the area offers valuable outdoor space and future potential that the home itself does not.
A less obvious perspective is the balance it strikes. You are acquiring a property that holds its value well locally (where it matters most for day-to-day living and resale) while the smaller interior translates to lower utility costs, less maintenance, and a cozier footprint. It’s a pragmatic choice for those who prioritize financial efficiency and land over expansive square footage.
Frequently Asked Questions
1. Is the living area too small?
It is significantly smaller than the Winnipeg average. However, it is relatively more common for the specific street and neighborhood. It’s a functional size for 1-2 people and emphasizes efficient use of space over sprawling rooms.
2. Why is the assessed value above average if the house is smaller?
Assessed value considers multiple factors, including lot size, location, condition, and market trends. The above-average assessment for the area indicates that other attributes—like the desirable lot or the home’s condition—are positively impacting its official valuation.
3. What does the year built (1945) mean for maintenance?
As a home from the mid-1940s, it likely has classic charm but may require updates to major systems like wiring, plumbing, or insulation. A thorough inspection is essential to understand the state of these components.
4. How does the lot size compare?
The lot is very typical for Kingswood Avenue and slightly larger than the Varennes neighborhood average. It provides ample outdoor space, which is a valuable asset not reflected in the living area square footage.
5. Who would this property suit best?
It’s an excellent match for budget-conscious buyers seeking a manageable home in a established neighborhood. It’s less suited for those needing multiple bedrooms or large, open-concept living areas. The value is in the land, location, and lower ongoing costs.