Property Overview: 1015 Mcmillan Avenue, Crescentwood

Key Characteristics & Appeal

This is a substantial, character-filled home in Winnipeg’s desirable Crescentwood neighbourhood. Built in 1913, the two-and-a-half storey house offers over 3,100 square feet of living space, placing it in the top 1% of homes in the city for size. It sits on a large, above-average lot of just over 6,000 square feet, providing rare outdoor space for the area. Key features include a renovated basement and a detached garage.

The primary appeal lies in its combination of historic charm, generous proportions, and a premier location. The home’s assessed value is notably high for its street and the city, reflecting its stature. It suits buyers looking for a legacy property with room to grow, who value established, tree-lined neighbourhoods over new subdivisions. It’s ideal for someone who appreciates the narrative of a century-old home and has the vision or resources to maintain or update its character, potentially as a multi-generational family base. A less obvious perspective is its value for a buyer seeking a "forever home" in a central location, where the lot size alone offers future flexibility that is almost impossible to replicate in newer inner-city developments.

Frequently Asked Questions

1. How does the sale price from 2016 relate to today’s value?
The home sold for $530,000 in 2016. While this gives historical context, current market conditions, updates made since then, and the home’s high assessed value of $659,000 suggest its market value has significantly appreciated.

2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the extent or finish. Buyers should inquire about the renovation's scope, permits, ceiling height, and whether it includes a separate entrance or suite potential.

3. Are there any concerns with a 113-year-old home?
While full of character, a home of this age requires diligent inspection. Key focuses should be the foundation, original wiring and plumbing, roof condition, and energy efficiency. The updated basement is a positive, but the main structure needs expert evaluation.

4. How does the detached garage impact property use?
A detached garage offers flexibility for parking, storage, or a workshop. However, consider its condition, whether it’s insulated or heated, and the walk to the house during Winnipeg winters. For some, it’s a charming feature; for others, an attached garage is more convenient.

5. The home ranks "below average" for year built citywide. Is that a drawback?
This statistical ranking simply means most homes in Winnipeg are newer, as the city expanded post-war. In the context of Crescentwood, a neighbourhood prized for its historic homes, its 1913 build date is typical and contributes to its charm and value, not a drawback.