Property Overview: 172 Kingston Row

Key Characteristics & Appeal

This two-storey home, built in 1940, is defined by its exceptional space. With nearly 4,000 square feet of living area, it ranks in the top 1% of homes in Winnipeg for size, offering a rare volume of interior room. The property sits on a large, 9,200+ sqft lot, which is also significantly above the city-wide average, providing ample outdoor space and potential. While it has a basement, it is noted as not renovated, and the home does not feature a garage or pool.

The primary appeal lies in its elite-scale footprint in the established Kingston Crescent area. It suits a specific buyer: someone looking for a project or a blank canvas in a prime location, who values expansive square footage and a large lot over modern turn-key finishes. It would be ideal for a growing family needing room to expand over time, or for a buyer with renovation plans who wants to customize a historically spacious property to their own taste. The assessed value is above average for the city, suggesting solid underlying value, but the home's condition indicates the price likely reflects the land and structure's potential rather than luxury finishes.

Frequently Asked Questions

1. What does "basement not renovated" typically mean for a home of this era?
It usually indicates the basement retains its original or older state. Buyers should anticipate a functional but dated space that may require updates for moisture control, insulation, or modern living purposes. It represents both a current limitation and a clear opportunity for future improvement.

2. The home lacks a garage. Is adding one feasible?
Given the very large lot size, there is likely physical space to add a garage or carport. However, this would be subject to local zoning bylaws, setback requirements, and the associated construction costs. The lot is a major asset that makes this a realistic future project.

3. How significant is it that the living area is in the top 1% for the city?
It’s a major differentiator. It means the interior space is comparable to, or exceeds, that of much newer executive-style homes, but within an older character property. This is the home's standout feature, offering a sense of volume and layout flexibility that is extremely hard to find.

4. The assessed value seems low compared to the home's size ranking. Why?
Municipal assessed value for taxation purposes often lags behind market value and heavily reflects the home's condition and dated features, not just its size or potential. The assessment confirms the solid value of the land and location, while the "not renovated" condition likely keeps this official valuation moderated.

5. What are the less obvious considerations with a home of this size and age?
Prospective buyers should realistically budget for higher utility costs to heat and maintain nearly 4,000 sqft, and consider the ongoing maintenance inherent to an 86-year-old structure. The payoff is the unique chance to shape a truly spacious, classic home to modern standards over time.