Property Summary: 15 Kingshead Close
Section 1: Key Characteristics & Appeal
This 1,394 sqft bungalow, built in 1974, presents a practical opportunity with a distinct character. Its primary appeal lies in its efficient use of space and its position as a well-maintained, original-condition home on a quiet street. While the living area is slightly above average for its immediate street and the city, the property stands out for having one of the newest construction dates on the block, suggesting potentially fewer major age-related issues than some neighbors.
The lot, at 5,779 sqft, is compact compared to others in the Vialoux neighborhood, which translates to less yard maintenance—a plus for downsizers or those seeking a lock-and-leave lifestyle. The assessed value is notably below the local area averages but aligns with the Winnipeg citywide typical, indicating this property may offer relative value within its more affluent immediate context.
This home would suit first-time buyers looking for a solid, move-in-ready property in a stable area, or practical downsizers who prioritize interior space and home condition over a large garden. It’s less suited for buyers seeking extensive outdoor space or a premium, top-tier lot within the neighborhood.
Section 2: Frequently Asked Questions
1. Is the below-average lot size a major drawback?
Not necessarily. While the yard is smaller than many in the wider neighborhood, it is close to the citywide average. This often means lower maintenance costs and less time spent on upkeep, which many buyers see as a benefit.
2. Why is the assessed value lower than the street and area averages?
The assessed value is influenced by the home’s specific characteristics, including its compact lot and the original condition typical of its age. It suggests the property is not at the premium end of the local market, which can represent an entry point into a desirable street.
3. What does "newer year built" on the street actually mean?
Built in 1974, this home is the newest among the 15 comparable properties on Kingshead Close. In a neighborhood of similar-aged homes, this can imply updated foundational standards for its time and possibly a shorter timeline until major components (like roof, windows) reach the end of their lifespan.
4. How does the living area compare in practical terms?
At 1,394 sqft, the home offers more interior space than most on its street and is above the city average. This indicates a comfortable floor plan for a bungalow, which is often a priority over lot size for many buyers.
5. Who is the typical buyer for a property like this?
The data points to a buyer who values interior space, a quiet street, and a home that is newer than its immediate neighbors, all while being mindful of value. It’s likely a practical choice rather than a prestige address within the broader area.