Property Overview
This home at 7 Kingshead Close presents a compelling mix of space, value, and established location. Built in 1974, its key appeal lies in offering above-average interior space on a manageable lot. With a living area of 1,733 sqft, it ranks highly against most local and citywide averages, meaning you get more house for the footprint. The assessed value of $578k is notably above averages at every level, particularly on its own street, suggesting a premium property within its immediate context. This creates an interesting dynamic: the home itself is spacious and highly valued, but it sits on a lot that is smaller than many in the wider Vialoux neighborhood. This combination suits buyers who prioritize generous indoor living space over extensive yard maintenance, and who appreciate being one of the top-tier homes on a quiet street. It’s ideal for someone seeking an established, move-in ready home in a mature area, where the investment has clearly been in the structure’s size and perceived value rather than in land size.
Frequently Asked Questions
1. The assessed value seems high for the street. Why is that?
The data shows this home’s assessed value is ranked #1 out of 15 on Kingshead Close, significantly above the street average. This typically reflects the home’s larger living area, potential updates, amenities, or overall condition that set it apart from its immediate neighbors.
2. Is the lot size a disadvantage?
It depends on your priorities. At 5,929 sqft, the lot is below average for the Vialoux neighborhood but is close to the Winnipeg citywide average. It means less yard to maintain but may offer less private outdoor space than some other homes in the broader area. For many, the trade-off for a much larger interior is worthwhile.
3. What does the "Top 13%" ranking for living area on the street mean?
This percentile ranking means that 87% of comparable homes on Kingshead Close have a smaller living area. Only 13% are larger. It clearly indicates this is one of the more spacious homes on its block.
4. The home was built in 1974. Should I be concerned about major repairs?
As a home from the mid-70s, key components like the roof, windows, furnace, and electrical system may be at or past their typical lifespan. A thorough inspection is essential to determine which major systems have been updated and to budget for potential future replacements.
5. How does this property truly compare to the wider city market?
The analysis shows a strong position citywide. Its living area is above the Winnipeg average, and its assessed value is in the top 10% of all comparable homes in the city. This indicates you are looking at a property that, by these metrics, offers more space and holds a higher value than most homes across Winnipeg.