Property Overview: 28 Kingswood Avenue, Varennes, Winnipeg
Section 1: Key Characteristics & Buyer Profile
This property is defined by its exceptional affordability within a mature, established neighbourhood. Its key characteristic is a living space of 640 sqft, which is notably compact, ranking in the bottom 6% for size on its own street and within the Varennes community. This is balanced by a generous, roughly quarter-acre lot (5,120 sqft) that is above average for the local area. Built in 1929, the home is older than most in Winnipeg but typical for its immediate surroundings.
The primary appeal lies in its low financial barrier to entry, evidenced by a property tax assessment significantly below area and city averages. This presents a rare opportunity to secure a detached home on a large lot in Winnipeg at a very accessible price point. The appeal is for a specific buyer: those seeking land value and location over interior space, or investors looking for a land-hold opportunity. It would suit a first-time buyer comfortable with a cozy footprint who values outdoor space and renovation potential, or a downsizer looking to minimize property taxes and maintenance on the structure itself. A thoughtful perspective is that this property trades square footage for lot size, making it a strategic entry into a neighbourhood where the land itself may hold greater long-term value than the current structure.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the neighbourhood average?
The assessment is based on the property's current state, including the age and notably small living area of the home. The value is driven more by the lot size and location than by the dwelling itself.
2. Is the 640 sqft living area a typo? What does that include?
It is not a typo. At 640 sqft, the living space is compact. This figure typically includes all finished, heated areas of the home. Prospective buyers should verify the layout and room sizes to ensure it meets their needs.
3. What are the implications of a home built in 1929?
While the home's age is typical for the street, it necessitates careful attention to foundational, electrical, and plumbing systems during inspection. It also offers the character and renovation potential common to homes of that era.
4. The lot is large, but what can I do with it?
The lot size is a major asset. It provides ample space for gardening, recreation, or future expansion (subject to zoning and permit approvals). It also offers more privacy and distance from neighbours than many newer lots.
5. How should I interpret the ranking data provided?
The rankings consistently show the home is "below average" in size and assessed value but "close to average" in lot size and age for its immediate area. This quantifies its position as a smaller, more affordable option on a standard lot within an older neighbourhood.