Property Overview: 1087 Corydon Avenue, Crescentwood, Winnipeg

Key Characteristics & Appeal

This is a character home built in 1912, offering substantial living space of 2,010 sqft within a sought-after, established neighbourhood. Its primary appeal lies in its generous interior size, which ranks well above average for similar homes on Corydon Avenue and citywide. The property sits on a 4,552 sqft lot, providing good outdoor space in a mature area.

The home suits buyers who value space, character, and location over turn-key modern finishes. It’s an opportunity for an end-user or investor looking for a property with solid fundamentals in Crescentwood, where the value is anchored by the land and neighbourhood prestige. The data suggests a property with a unique profile: while its assessed value is modest compared to some neighbourhood peers, it offers more living area than many, presenting a potential value proposition for those willing to undertake updates. The unrenovated basement and lack of a garage indicate this is a canvas for customization, ideal for a buyer planning a gradual renovation or who prioritizes living area and location above modern amenities.

Frequently Asked Questions

1. What does "below average" for Year Built mean?
The home was built in 1912, making it older than most houses on its street and in Winnipeg overall. This typically indicates classic construction and character details but also suggests that major systems (like plumbing, electrical, or the roof) may need evaluation or updating.

2. How can the Assessed Value be "below average" for the neighbourhood?
The assessed value is lower than the Crescentwood average, likely reflecting the home’s condition and specific features (like an unrenovated basement and no garage) compared to more updated homes in the area. This can mean a more accessible entry point into a desirable neighbourhood.

3. Is the large Living Area unusual for a home of this age and value?
Yes, that’s a notable feature. The living area is significantly larger than average for Corydon Avenue and Winnipeg, suggesting the home’s interior layout is spacious. This creates a distinct value dynamic where you get more interior room for the price, but likely in original condition.

4. What is the likely buyer for this property?
It best suits a practical buyer or investor who sees potential beyond surface finishes. This could be a homeowner planning a room-by-room renovation, or someone who values the large living space and location and is comfortable with a property that needs work. It’s less suited for those seeking a move-in-ready home with modern amenities.

5. The last two sale prices seem very close. What does that indicate?
The sales in 2023 and 2019 were at very similar price points, suggesting a stable, established value for the property in its current condition over that period. It indicates the market has consistently viewed it at that level, without speculative spikes, which can provide a clear baseline for a new owner.