Property Overview: 945 Crane Avenue, Crescent Park, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Crescent Park offers a practical and comfortable living proposition. Its key features include a renovated basement, an attached garage, and a notably spacious lot of nearly 6,000 sqft—a standout characteristic that places it in the top 21% for land size on its own street. Built in 1954, the house itself is of average size for the area at just over 1,000 sqft of living space.

The primary appeal lies in its balance and potential. The lot size is a significant asset, offering ample outdoor space for gardening, recreation, or future expansion in a mature neighbourhood. The renovated basement adds immediate functional living space without the need for a project. It suits first-time buyers or downsizers looking for a manageable single-level layout with low-maintenance fundamentals, as well as value-conscious buyers who see the long-term potential in a larger-than-average parcel of land. It’s a home that offers move-in readiness while holding a tangible asset—the land—that performs well above neighbourhood and city averages.

Section 2: Frequently Asked Questions

1. How does the lot size compare to others?
The 5,995 sqft lot is a key feature. It ranks in the top third city-wide and, more notably, is in the top 21% compared to other homes on Crane Avenue itself, offering more private outdoor space than most direct neighbours.

2. Is the living space small for the neighbourhood?
The living area is approximately 1,008 sqft, which is below the average for the broader Crescent Park area. This suggests the home is more compact than many in the neighbourhood, contributing to its manageability and likely influencing its assessed value.

3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key point for a viewing to understand the quality of the renovation and how the space can be utilized.

4. How current is the assessed value?
The assessed value is listed at $390,000. It’s important to note this is a municipal assessment for tax purposes, not a market valuation. The home last sold in November 2023 for $331,000, which is a more recent indicator of its market price.

5. What is the context of the 2023 sale price?
The home sold for $331,000 in late 2023, a price that was below average for the street and neighbourhood at that time. This could have been due to condition, specific market conditions, or the home’s smaller footprint relative to its lot. It provides a recent benchmark but may not reflect current market value.