Property Overview: 71 Kingston Row, Elm Park, Winnipeg

Key Characteristics & Appeal

This one-and-three-quarter storey home in the established Elm Park neighborhood offers a blend of classic charm and practical updates. Built in 1934, its key physical attributes include 1,728 sqft of living space, a renovated basement, an attached garage, and a notably generous 10,075 sqft lot—a standout feature that ranks in the top 3% of the neighborhood for land area. The home sold for $530,000 in April 2024.

Its appeal lies in its balance and potential. While the living area and assessed value are solidly above average for both Elm Park and Winnipeg overall, the property’s true distinction is its expansive, private lot in a prime area, offering rare space for gardens, recreation, or future expansion. The renovated basement adds modern utility to the classic character of a 1930s home.

This property would suit buyers looking for a character home in a mature neighborhood who value outdoor space over a brand-new build. It’s ideal for those who appreciate the established trees and larger lot sizes of older areas and are comfortable with a home that has a history but has seen key updates. It may also attract value-conscious buyers who see the lot size as a long-term asset relative to the neighborhood.

Frequently Asked Questions

1. How does the sale price compare to the assessed value?
The home sold for $530,000 in April 2024, which is significantly higher than its $48,200 assessed value. This is common, as assessed values for tax purposes often lag behind current market values, especially in desirable neighborhoods after recent renovations or sales.

2. Is the lot size unusual for the area?
Yes. The lot is over 10,000 sqft, which ranks in the elite top 3% for Elm Park. Most comparable lots in the neighborhood average around 5,850 sqft, making this a particularly spacious and private property.

3. What does "one-and-three-quarter storey" mean?
This is a common architectural style for Winnipeg homes of this era. It typically features a full main floor and a second floor where the roofline slopes inward, creating cozy bedrooms with slightly reduced ceiling height in parts of the upper level, adding to its character.

4. How does the living space compare to newer homes?
At 1,728 sqft, it offers more space than the average Winnipeg home (approx. 1,342 sqft) and is above average for Elm Park. While some modern homes may have more open concepts, this provides generous room count and layout typical of its period.

5. The home is 90 years old. What should I consider?
While the basement has been renovated, a home of this age will have classic charm but also requires careful attention to its original systems (like plumbing, electrical, and the foundation) during an inspection. Its above-average ranking for year built on its street suggests it fits right in with the neighborhood's historic character.