Property Overview: 336 Kensington Street, Winnipeg

Section 1: Key Characteristics & Appeal

This 770 sqft bi-level home at 336 Kensington Street presents a practical and affordable entry point into Winnipeg’s Kensington neighborhood. Built in 1990, it is notably newer than most homes in the immediate area and citywide, suggesting potentially fewer concerns with aging infrastructure. The home features a renovated basement, adding functional living space. Its key appeal lies in its value proposition: the assessed value is well below the city average, offering a lower property tax base, while the recent 2022 sale price indicates a accessible market entry point.

The property would suit first-time buyers, downsizers, or investors seeking a straightforward, low-maintenance home in an established neighborhood without a premium price tag. Its smaller living and land footprint (2,501 sqft lot) translates to less upkeep, which is a distinct advantage for those prioritizing simplicity and cost-efficiency over space. While compact by city standards, the home’s size is quite typical for its specific street and area, meaning it fits right into the local streetscape. The appeal is grounded in practicality and location rather than luxury, offering a sensible foothold in the market.

Section 2: Frequently Asked Questions

1. Is this a small house?
Yes, at 770 sqft of living area, it is smaller than the Winnipeg average. However, it is very close to the average size for homes on Kensington Street itself. The renovated basement provides additional usable space.

2. Why is the assessed value so much lower than the city average?
The assessed value is based on factors like home size, lot size, and location. This property’s below-average square footage and lot size result in an assessment that is modest compared to the typical Winnipeg home, which can mean lower annual property taxes.

3. What does the "Top 93%" ranking for living area citywide mean?
This statistic means that approximately 93% of homes in Winnipeg are larger than this one. It highlights that the property is compact on a city scale, but as noted, it is much more aligned with the typical home sizes in its immediate Kensington area.

4. The home sold in 2022. What can that price tell me?
The sold price range from May 2022 provides a recent market benchmark for what a buyer was willing to pay. It is essential data, but current market conditions, any further renovations, and timing will influence today’s value.

5. What are the pros and cons of a 1990 build date?
A significant pro is that a 1990 build is decades newer than many homes in the neighborhood, which often date to the mid-1940s. This can mean updated electrical, plumbing, and building materials. A consideration is that it may not have the classic character of an older home but instead offers more modern construction basics.