Property Overview: 55 Kingston Row, Elm Park, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1921, presents a classic character home with notable modern updates. Its key features include a renovated basement, an in-ground pool, and a generous 7,750 sqft lot. With 1,742 sqft of living space, the home is above average for both the Elm Park neighborhood and Winnipeg overall, offering more room than many comparable properties.

The primary appeal lies in its combination of established neighborhood charm and tangible investment. The home’s assessed value places it in the top 5% of Elm Park, signaling a premium property within a desirable area. The large, private lot is a significant asset, providing space for the pool, gardens, and outdoor living—a rarity that becomes more valuable over time. It suits buyers looking for a home with history and space who also appreciate the value of a renovated basement and recreational amenities. It would particularly fit a family or entertainer seeking a established, leafy neighborhood setting without compromising on indoor and outdoor living space.

A less obvious perspective is the home’s position as a relatively older property on its street. While it requires a buyer comfortable with the maintenance of a century-old home, this also means it has likely benefited from long-term stability and mature landscaping. The data suggests you are buying one of the larger, more valuable properties in the area, which can be a strategic foothold in a well-regarded community.

Section 2: Frequently Asked Questions

1. How does the age of the home (built 1921) impact its value and maintenance?
While older than most on the street and in the city, the home’s above-average assessed value indicates its condition, renovations, and location outweigh pure age in the valuation. Buyers should budget for proactive maintenance typical of a character home while appreciating the craftsmanship and established lot.

2. Is the lack of a garage a significant drawback?
For some buyers, yes. However, the very large lot provides potential for adding a garage or shed, subject to city bylaws. The trade-off is more usable green space and pool area, which may be a higher priority for many.

3. The home last sold in 2016 for $46.5k, but is now assessed at $55.8k. What does this mean?
The 2016 sale price appears to be a historical data point and is not a reflection of current market value. The current assessed value for taxes ($55.8k) is a municipal valuation. The actual market price is determined by current conditions, recent upgrades, and buyer demand.

4. How does the property compare to others in Elm Park?
The data shows it ranks highly in Elm Park for both living area (top 13%) and assessed value (top 5%). This means it is a larger and more valuable property than the vast majority of homes in the neighborhood, offering a premium position within the community.

5. What is the significance of the lot size?
At 7,750 sqft, the lot is significantly larger than the Winnipeg average. In Elm Park, it ranks in the top 10%. This is a major feature, providing exceptional privacy, space for the pool, and room for expansion or landscaping, which is increasingly difficult to find in established neighborhoods.