Property Summary: 122 Kingston Row, Elm Park, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1947, presents a practical opportunity in the established Elm Park neighborhood. Its key characteristics include a renovated basement, a detached garage, and a modest 1,242 sqft of living space on a 4,891 sqft lot. The home’s assessed value is notably below average for its immediate street, suggesting a potentially accessible entry point into the area.

The primary appeal lies in its value proposition within a desirable neighborhood. It suits first-time buyers or downsizers seeking a manageable, character home without the premium often attached to larger lots on the same block. The renovated basement adds functional living space, a significant asset in a home of this size. A thoughtful perspective is that the smaller lot, while below the area norm, translates to less yard maintenance—an appealing feature for those seeking a low-upkeep property. This is a home for a pragmatic buyer who prioritizes location and a solid foundation over square footage or expansive grounds, and who sees the value in a property that stands out for being more modern than many on its street, yet priced below its direct peers.

Section 2: Frequently Asked Questions

1. How does the property’s value compare to the neighborhood?
While its assessed value is around the average for Elm Park as a whole, it ranks in the bottom 15% for assessed value specifically on Kingston Row. This indicates it may offer a relative value compared to its immediate neighbors.

2. Is the living space smaller than typical homes nearby?
Yes. The living area is below average for Kingston Row and about average for the wider Elm Park area. The renovated basement helps offset the main floor square footage, providing additional usable space.

3. What is the significance of the lot size?
The land area is smaller than most lots both on Kingston Row and in Elm Park. This means less outdoor space but also reduced maintenance responsibility, which can be a positive for some lifestyles.

4. The home was built in 1947. Is that older than others on the street?
Actually, no. With a build year of 1947, this home is newer than the average home on Kingston Row, ranking in the top 17% for its street by year built. It is a relatively younger property in an older, established streetscape.

5. What was the last sale price?
The property last sold in January 2018 for $25,500. This historical data is useful for understanding past market activity but does not reflect current value, which is indicated by the $34,800 assessment and contemporary market conditions.