Property Overview: 113 Buxton Road, Crescent Park, Winnipeg

Key Characteristics & Appeal

This one-storey home on a spacious 6,527 sqft lot presents a practical opportunity in Winnipeg's Crescent Park neighborhood. Built in 1953, its key features include a renovated basement and a detached garage. The property’s primary appeal lies in its land value and positioning. The lot size is notably above average for both the immediate street and city-wide, offering room for gardening, expansion, or simply more private outdoor space than many modern lots. However, the living area (1,255 sqft) and the home’s assessed value are modest compared to many neighbors, suggesting the existing structure may be simpler or in need of updates relative to the area.

This home would suit a value-conscious buyer looking to secure a footprint in a mature neighborhood. It’s a potential match for a first-time homeowner comfortable with gradual improvements, an investor considering the value of the substantial lot, or someone seeking a single-level living arrangement with a manageable scale. The low recent sale price and below-average assessment for the street indicate an entry point into the area, with the understanding that the value is likely anchored in the land itself rather than the current structure.

Frequently Asked Questions

1. Why is the assessed value so much lower than neighboring homes on Buxton Road?
The assessment is likely lower due to a combination of the home’s age, smaller living area, and potentially more modest finishes or required updates compared to renovated or larger homes on the street. The assessment reflects the current state of the property, not just its location.

2. What does "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the quality of the renovation, the materials used, and whether it includes legal secondary suite potential or is finished for additional living space.

3. Is the large lot a good investment?
Potentially, yes. The lot is significantly larger than the city average. This provides inherent value for outdoor use and future possibilities, such as an addition, garden suite (subject to zoning), or simply holding value in a land-scarce urban environment.

4. How does the 2022 sale price relate to its current value?
The 2022 sale price of $27,800 is a historical data point and likely well below current market value. It may have been a distressed sale, estate transaction, or non-arms-length sale. Current value should be determined by a comparative market analysis based on recent, similar sales.

5. What are the less obvious considerations for a home of this era?
While the basement is renovated, a 1953 home will have aging core components. Buyers should pay special attention to the condition of the main floor plumbing and electrical systems, the roof, and the foundation. The charm of a mature lot also means mature trees, whose roots should be checked for proximity to sewer and water lines.