Property Overview: 5 Kenneth Street, Crescent Park, Winnipeg

Key Characteristics & Appeal

This is a well-situated, classic one-storey home in the established Crescent Park neighbourhood. Built in 1954, it is notably one of the older homes on its street, offering character and mature surroundings. The property features a renovated basement, adding valuable finished living space to the 1,152 sqft main floor, and includes a detached garage. The lot size of 5,732 sqft is modest for the immediate area but is close to the Winnipeg citywide average, providing manageable outdoor space.

Its primary appeal lies in its location within a quiet, mature neighbourhood and the value offered by a move-in ready basement. The home’s assessed value is comparatively low for its street and area, which could present an attractive entry point into Crescent Park. This property would suit first-time buyers seeking a stable neighbourhood with room to grow, or downsizers looking for a manageable single-level layout with the bonus of a finished lower level for family or hobbies. A thoughtful perspective is that while the home’s metrics are often "average" or "below average" within its prestigious local context, this very fact may offer a more accessible price point in a desirable area without compromising on the neighbourhood's fundamental appeal.

Frequently Asked Questions

1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A viewing is essential to assess the quality, ceiling height, and how the space is configured (e.g., rec room, additional bedrooms).

2. How does the lower assessed value impact property taxes?
A lower assessed value relative to neighbouring homes typically results in lower municipal property taxes, which is a practical, ongoing financial benefit for the homeowner.

3. Is the detached garage heated or insulated?
The listing does not state this. This is a key question for those intending to use the garage as a workshop or for vehicle storage year-round.

4. The home is older—what should I know about major systems?
Given the age, it is prudent to inquire about or inspect the age and condition of major components like the roof, plumbing, electrical wiring, and foundation, even with a renovated interior.

5. Why is the lot size considered below average for the area?
Crescent Park is known for its generous lots. This property’s lot is smaller than many in the neighbourhood but is still a good size by general city standards, offering lower maintenance while retaining room for a garden or patio.