Property Overview: 49 Kingswood Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This 1949-built home on a 5,122 sqft lot in Varennes presents a balanced, established profile. Its primary appeal lies in its strong positional value within its immediate context. While its 807 sqft living space is modest by city-wide standards, it is very much in line with—and even slightly above—the averages for both its street and neighborhood. This suggests a home that fits comfortably within the character and scale of Kingswood Avenue.

The standout metric is its assessed value for taxes, which ranks notably higher than averages on its street and in Varennes. This can indicate perceived stability, a desirable location on the block, or updates that are recognized in the assessment. The lot size is also a solid asset, providing above-average outdoor space for the community.

This property would suit a first-time buyer or downsizer seeking an entry into a stable, established neighborhood without the footprint or maintenance of a much larger home. It’s for a pragmatic buyer who values neighborhood fit over sheer size, appreciates the potential of a good lot, and understands the value proposition of a home that stands out in its immediate area more than it might across the entire city.

Section 2: Frequently Asked Questions

1. Is the living space too small?
While below the Winnipeg average, the living area is typical for Kingswood Avenue and the Varennes community. It represents the efficient, practical scale common to many well-established neighborhoods, suiting those who prioritize location and lot over expansive square footage.

2. What does a higher-than-average assessed value mean?
A higher assessment compared to direct neighbors often reflects factors like a favorable lot location, property condition, or improvements. It’s a positive indicator of the property’s standing on its street, but prospective buyers should always evaluate if this aligns with the current market listing price.

3. How does the 1949 build year affect the home?
Built right around the neighborhood’s average age, this home is part of the area’s established fabric. Buyers should expect the potential for updates common to homes of this era but can also appreciate the mature landscaping and settled community that comes with it.

4. Is the lot size a good feature?
Yes. The lot is larger than most in the Varennes community and on par with the street average. This offers valuable outdoor space for gardening, recreation, or future expansion, which is a significant advantage in established areas.

5. How does this home rank for value?
Its value proposition is strongest within its local context. It ranks very well on its own street and in its community for assessment value, suggesting a solid investment within that specific market. City-wide, it presents as a more average offering, highlighting the importance of evaluating it against nearby comparables.