Property Overview: 365 Kensington Street, Winnipeg

Key Characteristics & Appeal

This is a compact, early 20th-century home (built 1918) on a modest lot in the Kensington neighborhood. Its primary appeal lies in being an affordable entry point into homeownership, particularly for those prioritizing location over size. With 720 sqft of living space, it is notably smaller than most city homes, but its assessed value is proportionally low, presenting a lower barrier to entry.

The home suits first-time buyers, downsizers, or investors seeking a straightforward, manageable property. Its renovated basement adds functional space, a key upgrade in a home of this era. A thoughtful perspective is that while the house is below average in size city-wide, it is more in line with the scale of its immediate street and neighborhood, offering a sense of fitting in rather than standing out. The lot, while smaller than average, translates to less exterior maintenance—a practical advantage for buyers seeking simplicity. The recent sale history suggests stable, modest value in its market segment.

Frequently Asked Questions

1. Is this a "tiny home"?
While small at 720 sqft, it is a traditional one-and-a-half storey house, not a modern tiny home. The layout and renovated basement provide more utility than a purpose-built tiny home typically would.

2. What does the ranking data (e.g., "Top 78%") actually mean?
It shows how this property compares to others. For example, "Top 78% for Living Area on Kensington Street" means 78% of comparable homes on the street are larger. It’s a quick way to see if a feature is typical, above, or below average for its specific context.

3. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's smaller size, older age, and neighborhood pricing. It is actually around the average for Kensington Street itself, indicating it is priced appropriately for its specific location.

4. What are the implications of an older home like this?
Built in 1918, it offers classic charm but may require careful attention to aging components like wiring or plumbing. The renovated basement is a positive, modernizing update.

5. How can I find out the exact past sale prices?
The exact sold prices are not publicly displayed in detail. As noted on the listing, you can request this information directly via email from the service, which provides the figures manually.