Property Overview: 144 Kingsway, Crescentwood, Winnipeg

Key Characteristics & Appeal

This is a classic, early 20th-century two-and-a-half storey home in the established Crescentwood neighbourhood. Built in 1908, it sits on a notably spacious lot of over 8,400 sq ft, which is larger than most properties in both the area and the wider city. The home itself, with 1,869 sq ft of living space, is more compact than many neighbouring houses on Kingsway but remains above the Winnipeg average. It features a detached garage and an unrenovated basement.

Its primary appeal lies in its location and land. Crescentwood is a prestigious, tree-lined area, and this property offers a substantial, private yard—a rarity that provides significant potential for gardens, expansion, or simply enjoying outdoor space. The home suits a specific buyer: someone seeking an entry point into a prime neighbourhood who values character and lot size over immediate move-in readiness or expansive square footage. It’s ideal for a hands-on buyer comfortable with gradual updates, a family prioritizing outdoor space for children, or an investor recognizing the long-term value of land in a coveted area. A less obvious perspective is that its "below-average" size for the street could mean more manageable upkeep and heating costs compared to its larger neighbours, while still offering the same prestigious address.

Frequently Asked Questions

1. Is the house in need of major renovation?
The listing notes the basement is unrenovated. Given the home's age (1908), buyers should budget for ongoing maintenance and potential updates to major systems, while cosmetic updates are likely throughout.

2. How does the sale price compare to the assessed value?
The home sold for $52.5k in May 2024, which is significantly higher than its $40.3k assessed value. This is common in active markets and indicates buyer demand and perceived value exceeded the formal assessment.

3. The living area seems smaller than neighbours. Is it a full house?
Yes. At 1,869 sq ft, it is a complete home but is notably smaller than the Crescentwood average. This reflects its older design and may mean more efficient, cozy living spaces compared to larger, modern layouts.

4. What are the advantages of such a large lot?
The 8,423 sq ft lot offers exceptional outdoor privacy and space for recreation or gardening. It also represents a long-term asset, as land of this size in Crescentwood is scarce and could allow for future additions or landscaping projects that smaller lots cannot accommodate.

5. Who would this property not suit?
It may not suit buyers seeking a modern, turn-key home with no projects, or those who prioritize a large amount of finished interior space above all else. The value here is in the location, lot, and character, with the understanding the home itself requires a vision for its potential.