Property Overview: 2420 Assiniboine Crescent

Section 1: Key Characteristics & Appeal

This well-situated Birchwood home presents a classic and practical living opportunity. Its key characteristic is the generous 7,202 sqft lot, placing it in the top third for size on its street, offering ample outdoor space in a mature neighbourhood. The 1,251 sqft bungalow, built in 1958, features an updated basement and an attached garage. Its appeal lies in this combination of a sizable, private yard with the functional, single-level layout that many seek. The property’s assessed value is notably conservative compared to its last sale price in 2019, which was among the highest on the street for that period, suggesting it may hold value well or have unique attributes not fully captured in the assessment.

This home would suit a few specific buyer types perfectly. First, it’s ideal for downsizers or first-time buyers looking for a manageable one-storey layout without sacrificing yard space. Second, it appeals to value-conscious buyers who see potential in a solid, renovated basement and a large lot in an established area. A less obvious perspective is its suitability for someone who values neighbourhood stability; the tight clustering of similar homes on the crescent suggests a long-established, consistent community feel.

Section 2: Frequently Asked Questions

1. How does the 2019 sale price compare to today's market?
The home sold for $300,000 in April 2019, a price that ranked in the top 1% for the street at that time. This indicates the property was highly desirable then, but a current market evaluation is needed to understand its present value relative to that benchmark.

2. What does the large lot size mean for me?
At over 7,200 sqft, the lot is larger than many in the immediate area. This provides more privacy, space for gardening, play, or entertaining, and could offer future potential (subject to zoning and bylaws) compared to properties on smaller, standard lots.

3. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. A buyer must verify its compliance with local regulations if considering rental income or separate living quarters.

4. How does the assessed value impact property taxes?
Property taxes are based on the assessed value, which here is $37,300. This is a relatively low assessment for Winnipeg, which could translate to lower annual property taxes than a similarly priced home with a higher assessment.

5. The home is 68 years old. What should I be aware of?
While the basement has been renovated, a home of this age will have core systems (like plumbing, electrical, and the roof) that are likely older. A thorough inspection is crucial to understand the condition and plan for any updates or maintenance typical for a vintage home.