Property Overview: 954 Holly Avenue, Crescent Park, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Crescent Park offers a classic Winnipeg footprint with notable outdoor space. Its primary appeal lies in its generous, above-average lot size of nearly 8,000 sqft, providing ample room for gardening, play, or expansion, a feature that stands out both on its street and within the wider neighbourhood. The home itself, built in 1957, is of a typical size for its era at 1,266 sqft and includes a renovated basement and a detached garage. Recent sale and assessment values position it as an above-average value for the area.

Its appeal is grounded in space and location rather than luxury finishes. It suits a practical buyer—perhaps a first-time homeowner, a small family, or a downsizer—who values a larger, private yard over a brand-new build. It’s a property for someone who sees potential in the land and the solid foundation of a renovated basement, understanding that the living space is functional but may benefit from modernization over time. A less obvious perspective is that this lot size, in an established area, represents a long-term asset; as infill development continues, larger parcels become increasingly rare, offering future flexibility.

Section 2: Frequently Asked Questions

1. How does the lot size compare practically?
The 7,955 sqft lot is significantly larger than many in the city. It ranks in the top 21% on its own street and the top 11% city-wide, meaning you're getting substantially more outdoor space than the typical Winnipeg property.

2. What does "renovated basement" typically mean for a 1957 home?
While specifics would require a viewing, in homes of this age, a renovated basement often indicates updated living space, but buyers should inquire about the scope, permits, and the status of core systems like plumbing and electrical that serve it.

3. Is the assessed value a reliable indicator of the sale price?
Not directly. The assessed value for taxation purposes is $42.70k, but the home sold for $46.70k in early 2022. Market conditions determine sale price, and assessments can lag behind. The historical sale price is a more relevant benchmark.

4. What are the implications of a detached garage?
A detached garage offers flexibility (e.g., for a workshop) and can reduce noise transfer to the house. However, it may be less convenient during Winnipeg winters compared to an attached garage, so consider your daily routine and the walkway condition.

5. The home is "around average" in size and year built for the area. Is that a concern?
Not necessarily. It indicates the property is consistent with the established character of Crescent Park. The value proposition here isn't an unusually large or new house, but rather the combination of a solid, standard home on a notably larger-than-standard lot.