Property Overview

1030 Riviera Crescent is a one-storey character home in Winnipeg's Crescent Park neighbourhood. Built in 1920, it presents a classic opportunity with a generous 7,062 sqft lot. The 844 sqft living area is notably compact compared to most local and city-wide averages, and the basement exists but is not renovated. A detached garage is included.

The appeal lies in its significant lot size for the area—ranking in the top 17% city-wide—offering rare potential for expansion, gardening, or outdoor space in a mature neighbourhood. Its assessed value is positioned around the average for its immediate street and area, suggesting a stable entry point into the market. This home suits a specific buyer: someone seeking a character property as a foundation for a renovation or expansion project, a purchaser prioritizing land value over immediate living space, or an investor looking for a property with "value-add" potential through updates or development. It is less suited for those needing turn-key, modern, or spacious interiors immediately.

Frequently Asked Questions

1. Is this a small house?
Yes. With 844 sqft of living space, it is significantly smaller than the average home on its street, in Crescent Park, and across Winnipeg. The floor plan will be compact.

2. Why is the assessed value so much lower than the city-wide average sale price mentioned?
The city-wide average sale price shown ($390k) is a general benchmark. This home's assessed value ($42.6k) is more aligned with local averages for similar, older properties and reflects its unrenovated condition and smaller size.

3. What does "basement not renovated" mean?
It indicates the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates and should have an inspection to assess its current state and any moisture concerns common in century-old homes.

4. Is the large lot a good investment?
Potentially. The lot is larger than most in the city, which can be a long-term asset. It provides room for additions, a garage suite (subject to zoning), or simply more private outdoor space, which can add value over time.

5. How does the 1920 build year affect the property?
As the oldest home on its street, it offers character but also requires diligent maintenance. Buyers should prioritize inspections for foundational integrity, wiring, plumbing, and insulation to understand the true cost of ownership and any needed upgrades.