Property Overview: 53 Riley Crescent, Crescent Park, Winnipeg

Key Characteristics & Appeal

This one-storey home in Crescent Park offers a practical, renovated living space on a generous lot. With 995 sqft of living area, it is a compact yet functional home, sitting on a lot of nearly 5,500 sqft that provides ample outdoor space—a notable asset in the neighborhood where this parcel is larger than many. Key features include a renovated basement, a detached garage, and a private pool, which is a rare amenity for the area. The home was built in 1952, placing it among the older homes on its street, but the renovations help modernize the interior.

Its appeal lies in its balance of established neighborhood character and updated practicality. It suits first-time buyers looking for a move-in-ready home with outdoor amenities, or downsizers seeking single-level living without sacrificing yard space. A thoughtful perspective is its above-average assessed value for Riley Crescent itself, suggesting it may be perceived as a well-maintained or improved property within its immediate peer group. The data indicates you're getting a home that stands out on its own street for value, while offering a larger-than-typical lot for Crescent Park, presenting a blend of street-level desirability and neighborhood-scale potential.

Frequently Asked Questions

1. How does the living space compare to nearby homes?
At 995 sqft, the living area is moderately sized. It is close to the average for Riley Crescent but is below the average for the broader Crescent Park neighborhood, indicating a cozier, more efficient layout compared to many area homes.

2. What does the assessed value tell us?
The assessed value of $432,000 is above average for Riley Crescent, ranking in the top 19% on the street. This often reflects recent improvements (like the renovated basement) or desirable lot characteristics. It sits around the average for both Crescent Park and Winnipeg citywide.

3. Is the lot size a significant feature?
Yes. While around average for the city, the 5,494 sqft lot is considered larger than most within the Crescent Park neighborhood itself (ranking in the top 16%). This means more private outdoor space than many comparable properties in the area.

4. The home was built in 1952. What should I consider?
While the basement has been renovated, the core structure is 74 years old. Prospective buyers should ensure that major age-related components (like the roof, plumbing, and electrical systems beyond the renovations) have been updated or are accounted for in their planning.

5. How does the 2021 sale price inform the current value?
The home sold for $380,000 in June 2021. The current assessed value being higher suggests municipal valuation has increased, likely due to market trends and the noted renovations. It serves as a historical data point, but the current market value would be determined by present conditions.