Property Overview: 226 Kingston Row

Key Characteristics, Appeal & Ideal Buyer

This two-storey home on Kingston Row is defined by its generous scale and established, desirable location. Its primary appeal lies in offering significantly more living space than most Winnipeg homes, ranking in the top 3% citywide at 2,516 sqft. This is complemented by a renovated basement and an attached garage. The lot, while slightly smaller than some in the immediate Kingston Crescent area, is still above the city average.

The home’s character is that of a well-situated, classic property. It was built in 1925, making it one of the older homes on the street, which suggests potential for period architectural details but also warrants a careful review of its maintenance and updates. Its assessed value places it consistently above average across street, neighborhood, and city comparisons, indicating a solid, recognized worth in the market.

This property would best suit buyers looking for spacious, established-character homes in a prime neighborhood, who prioritize interior square footage over a newer build or the largest lot on the block. It appeals to those who value the maturity of the Kingston Crescent area and are prepared for the stewardship that comes with a century-old home, balanced by the benefit of a modernized lower level.

Frequently Asked Questions

1. How does the age of the home (1925) impact its value and upkeep?
While its age places it below average for year built in the area, this is typical for many character homes in established, sought-after neighborhoods. It suggests potential for charming architectural features but means a thorough inspection is essential to understand the condition of major systems like plumbing, electrical, and the roof, which may have been updated over time.

2. The living area is in the top 3% citywide, but the lot size is noted as "below average" for Kingston Crescent. How significant is this?
The lot is approximately 6,925 sqft, which is still a very generous size by most standards and is above the Winnipeg average. The comparison shows that lots in Kingston Crescent tend to be particularly large. For many buyers, the trade-off of a slightly smaller (but still sizable) lot for a much larger interior footprint is a compelling one.

3. What do the rankings for "Assessed Value" actually tell me?
The assessed value of $60,80k ranks in the top 20% on its street and top 7% citywide. This indicates the municipal assessment—used for calculating property taxes—is consistently higher than most comparable properties. It generally reflects the market’s recognition of the home’s desirable location and substantial size, though market sale price can vary.

4. The last recorded sale was in mid-2021. How useful is that price today?
The sold price range from 2021 provides a historical benchmark, but market conditions have likely shifted since then. It’s most useful for understanding the property’s price trajectory rather than determining its current market value, which should be established through a comparative market analysis of very recent sales.

5. You mention a "renovated basement." What details are known about this?
The listing confirms the basement is renovated but does not specify the scope, quality, or permitted status of the work. It’s important to inquire about what was done, when, and by whom. Understanding if it added legal living space, a secondary suite, or simply finished recreational areas will clarify its true value and functionality.