Property Summary: 131 Kingston Row, Elm Park, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in the established Elm Park neighborhood is defined by a compelling contrast between its modest living space and its generous, above-average lot. With 920 sqft of living area, the house itself is notably smaller than most in the area, suggesting a cozy, efficient layout that has been updated with a renovated basement. Its true standout feature is the land—at 8,808 sqft, the property lot ranks within the top 6% of Elm Park, offering significant outdoor space that is rare for the city.

The appeal lies in this unique balance. It suits a buyer seeking the mature trees and quiet streets of a central neighborhood like Elm Park, but who prioritizes private outdoor space for gardening, recreation, or future expansion over a large interior footprint. The home’s assessed value is well above the neighborhood average, which speaks to the perceived value of the lot and renovations. This property would ideally suit downsizers looking for minimal maintenance inside but room to breathe outside, or value-conscious buyers and investors who see the long-term potential in a smaller, updated home on a premium lot. It’s a property where the land is the primary asset, offering a lifestyle of outdoor privacy just minutes from the city’s core.

Section 2: Frequently Asked Questions

1. Is the house too small for a family?
While the living area is below average, the renovated basement provides additional flexible space. The large yard serves as a major extension of the living area, especially in warmer months, making it potentially suitable for a small family that values outdoor play space.

2. Why is the assessed value high for a smaller home?
The assessed value reflects two key factors: the substantial and desirable lot size in Elm Park, and the value added by the basement renovation. In established neighborhoods, land value often constitutes a significant portion of the total assessment.

3. What does the sale history indicate?
The home has sold three times in the last decade, with a steady increase in sale price each time. This pattern suggests a property that has been progressively updated and holds its value well in the market.

4. Are there any concerns with the age of the home?
Built in 1929, the home’s core systems (roof, plumbing, electrical) should be a focus for inspection. However, its age is typical for Elm Park, and a renovated basement indicates some modernization has already been undertaken.

5. How does the detached garage impact usability?
A detached garage offers flexibility for use as a workshop or storage space separate from the house. However, it does mean dealing with the elements when accessing your vehicle in Winnipeg’s winter, which is a trade-off to consider.