Property Overview

This two-and-a-half storey home, built in 1913, is a classic Crescentwood character property situated on a mature, established street. With 1,559 sqft of living space, it offers a comfortable footprint that is above average for the city overall but more modest compared to some larger homes in the immediate neighbourhood. Its key features include a detached garage and an unrenovated basement, presenting a canvas for future customization. The lot size of 3,031 sqft is compact for the area, which can mean lower maintenance while still providing private outdoor space.

The appeal lies in its location within a desirable, central neighbourhood, combined with the charm and potential of a century-old home. It suits a specific buyer: someone seeking authentic character over modern square footage, who values a walkable, tree-lined community and is prepared for the stewardship of an older home. It’s a practical entry point into Crescentwood, ideal for a small family, couple, or investor looking for a property with solid fundamentals in a prime location, where the value is anchored more in the neighbourhood than in the size of the structure or lot.

Frequently Asked Questions

1. How does the lot size impact the property?
While the lot is smaller than the Crescentwood average, this often translates to less yard maintenance and can be a benefit for those seeking a more manageable outdoor space without sacrificing the neighbourhood feel.

2. What does "basement, not renovated" typically imply?
This usually indicates the basement retains its original or older state, likely with a concrete floor, basic finishes, and mechanical systems that may be functional but dated. It represents both a cost-saving on the purchase price and a clear future project for additional living or storage space.

3. Is the assessed value a reliable indicator of the sale price?
Not directly. The assessed value of $38.4k is for municipal tax purposes. The home last sold for $330k in 2017. Market conditions, property updates, and demand will determine the current sale price, which is typically significantly higher than the tax assessment.

4. Who might this home not suit?
Buyers prioritizing large, modern open-concept layouts, extensive renovations already completed, or a sprawling backyard may find this property too compact or requiring too much work. It’s best for those who appreciate traditional layouts and character details.

5. What is the significance of the home's rankings versus the city-wide average?
The rankings show this home offers a "best of both worlds" scenario in some respects: its living space is more generous than the typical Winnipeg home, placing it in the top 27% city-wide, allowing you to enjoy a central, character-rich neighbourhood without necessarily downsizing your interior space.