Property Overview: 339 Kingston Crescent, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home, built in 1939, presents a classic and grounded opportunity in Winnipeg. Its key appeal lies in its well-proportioned scale and desirable lot. With 1,711 sqft of living space, it offers more room than the average city home, while its 8,850 sqft land parcel is notably larger than most city lots, providing ample outdoor potential. The home features a renovated basement and a detached garage.

Statistically, the property sits comfortably in the middle of its immediate neighborhood for size, value, and age, suggesting it’s a typical and stable offering for Kingston Crescent. However, when viewed city-wide, its larger-than-average living area and significantly above-average lot size become its standout features. This creates an interesting value proposition: a home that fits seamlessly into its established area while offering physical space that is increasingly rare.

It would suit a buyer looking for character in a mature neighborhood who values space over a modern build. It’s ideal for someone with a vision for gardens, outdoor living, or expansions, given the generous lot. The renovated basement adds functional living space, making it practical for families or those needing a home office or recreational area. It’s a property for a buyer who sees the inherent value in land and solid, older construction, and is prepared for the stewardship that comes with an 87-year-old home.

Frequently Asked Questions

Q: How does this home compare to others in the area?
A: It is very representative of Kingston Crescent. Its living area, assessed value, and lot size are all around the neighborhood average, meaning it’s a standard offering for this specific street and won’t feel out of place.

Q: What is the significance of the lot size?
A: The lot is a major asset. At 8,850 sqft, it is in the top 9% city-wide for size. This offers uncommon potential for gardening, adding a deck or patio, future additions, or simply enjoying more private outdoor space than most city properties allow.

Q: The home was built in 1939. What should I consider?
A: While the basement has been renovated, the core structure is 87 years old. A thorough inspection is essential to understand the condition of major aging components like the roof, plumbing, electrical systems, and the foundation, which are typical focal points for homes of this era.

Q: The assessed value is noted as $49.60k. Is that the market price?
A: No. This figure is for municipal tax purposes only and is not an indicator of market value. The last recorded sale was in late 2023. Market value is determined by current conditions, recent comparable sales, and buyer demand.

Q: What is the potential for future value here?
A: The value is anchored in its location on a mature crescent and its substantial lot size—two things that cannot be replicated. While updates to the older home may be needed, the underlying assets of land and location provide a strong, long-term foundation for value.