Property Overview: 1093 Mcmillan Avenue, Crescentwood

Key Characteristics & Appeal

This 1924 one-and-a-half storey home in the established Crescentwood neighbourhood presents a unique opportunity. Its primary appeal lies in its location within a desirable area, paired with a relatively modest scale and price point for the zone. The home sits on a 3,797 sqft lot, which is smaller than most in Crescentwood but offers a manageable outdoor space. With 1,296 sqft of living space and a renovated basement, it is a more compact home compared to its grander neighbours, suggesting lower maintenance and utility costs.

This property would suit a specific buyer: someone seeking entry into a prestigious neighbourhood without the typical larger home footprint or price tag. It’s ideal for downsizers wanting to stay in the area, first-time buyers targeting a character neighbourhood, or investors looking at the long-term land value in Crescentwood. A thoughtful perspective is that its "below average" metrics for the area are precisely what make it accessible. It offers the community benefits—mature trees, quiet streets, proximity to amenities like Assiniboine Park—without the responsibility of a much larger, older home. The detached garage adds practical value.

Frequently Asked Questions

1. Why is the assessed value significantly lower than nearby properties?
The assessed value reflects the home's smaller lot size and living area compared to the larger, often more extensively renovated homes that are typical in Crescentwood. It is assessed in line with its specific physical attributes.

2. What does having a "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 date, quality, permitted uses (e.g., legal suite), and whether it includes moisture-proofing, as basements in century-old homes require careful attention.

3. Is the smaller lot size a disadvantage?
It depends on priorities. While it offers less private outdoor space than other Crescentwood properties, it requires less upkeep. For buyers valuing location over extensive gardening or large outdoor entertaining, it can be a practical benefit.

4. What should I consider about a home built in 1924?
While the home has historical character, prospective buyers should prioritize a thorough inspection. Key focus areas for a home of this age include the foundation, roof, plumbing, electrical systems, and insulation to understand both its charm and any needed updates.

5. How does the sale history (last sold in 2021) inform the current price?
The previous sale price provides a recent market benchmark. Given the changes in the market and any updates made since 2021, the current listing price will reflect those factors. It’s a useful data point for understanding the property’s trajectory and for price negotiation.