Property Overview: 403 Kensington Street, Winnipeg

Section 1: Key Characteristics & Appeal

This bi-level home at 403 Kensington Street presents a compelling mix of modern convenience and established neighborhood character. Its primary appeal lies in its relative newness, being built in 2011, which places it among the newest homes in the Kensington area. This suggests updated building systems and potentially lower immediate maintenance needs compared to much older stock.

The home offers a generous 1,320 sqft of living space, which is significantly above average for both the immediate street and the wider Kensington neighborhood. This spaciousness is a key advantage for the area. The property sits on a standard city lot, providing adequate outdoor space without the burden of extensive upkeep.

Its assessed value positions it as a premium property within Kensington, indicating a perception of above-average quality or desirability for the locale. The home features a basement (unrenovated) and does not include a garage or pool.

This property would best suit buyers looking for a move-in ready, spacious home in a mature neighborhood, who prioritize modern construction over historic charm. It’s ideal for those who want more interior space than is typical for the area and are comfortable with a higher value point within the community context. The unrenovated basement offers a blank canvas for future expansion or customization.

Section 2: Frequently Asked Questions

1. How does the assessed value compare to recent sale prices?
The home last sold in February 2021 for an estimated $31.5k-$34.5k, which aligns closely with its current $34.10k assessed value. This suggests a stable valuation in recent years.

2. Is the living space efficiently configured?
At 1,320 sqft, the home is notably larger than area averages (~875 sqft on the street, ~914 sqft in Kensington). However, being a bi-level, the layout is split across two floors, which is a different feel than a large bungalow or two-story home.

3. What does the "Elite" ranking for Year Built really mean?
This ranking highlights that a home built in 2011 is a rarity in this neighborhood. Most comparable homes on the street and in Kensington were built around 1945. This is a major differentiator for buyers seeking newer construction in an older, established area.

4. Are there any obvious drawbacks from the data?
The land size is below the city-wide average, which is typical for older, central neighborhoods. The lack of a garage is also a common feature in this area. Buyers should consider street parking and their storage needs.

5. Who might this property not suit?
It may not suit buyers seeking a historic character home, those who require a garage, or investors looking for a "fixer-upper" with major equity gains from renovations (as its value is already at a premium for the area). The unrenovated basement is a project for a future owner.