Property Overview: 126 Kingsway, Crescentwood, Winnipeg

Section 1: Key Characteristics & Appeal

This is a classic two-storey home built in 1928, situated on a notably large, mature lot in the established Crescentwood neighbourhood. Its primary appeal lies in its location and land. The property boasts a land area of nearly 9,500 sqft, which is significantly above average for the street, neighbourhood, and city, offering rare potential for gardens, expansion, or future development. The home itself, with 2,070 sqft of living space, is comfortable and city-wide above average, but is modest relative to some larger estates on Kingsway. It features an attached garage and a basement that is present but not renovated.

The property suits two main types of buyers. First, it’s ideal for a long-term visionary seeking a premier location with the space to customize—whether that means renovating the existing character home or eventually building new. Second, it represents a strategic entry point into one of Winnipeg’s most desirable areas, potentially appealing to those who value land and location over a turn-key, modern interior. A thoughtful perspective is that while the house may require updates, you are acquiring a permanent asset—the land—in a neighbourhood where large lots are increasingly scarce.

Section 2: Frequently Asked Questions

1. Is the home in original condition?
Based on the details, the home retains its original character with a basement that has not been renovated. Buyers should budget for updates to suit modern living standards.

2. Why is the assessed value relatively low for Kingsway?
The assessed value is below the street average, which likely reflects the home’s more modest size and condition compared to larger, renovated estates on the block. This can represent a value opportunity centred on the land itself.

3. What can the large lot be used for?
The lot size is in the top 7% city-wide. This allows for extensive landscaping, recreational space, and potential for additions like a garage, studio, or pool. It may also have future subdivision potential, subject to city zoning and approvals.

4. How does the living space compare practically?
At 2,070 sqft, the living area is ample for a family and is above the Winnipeg average. However, it is smaller than many direct neighbours on Kingsway, indicating a cozier footprint on a grand lot—a unique combination in this area.

5. What is the neighbourhood context?
Crescentwood is a historic, tree-lined area known for its character homes and prestige. This property offers a chance to be part of that community, with the understanding that homes here are often projects of passion and long-term investment.