Property Overview

This 1.5-storey home, built in 1945, sits on a generous 6,069 sqft lot in Winnipeg's established Crescentwood neighbourhood. Its key appeal lies in the combination of a prime location and a significant, above-average land parcel. While the living space (1,464 sqft) is modest compared to some neighbouring homes, the property features a renovated basement and a detached garage. The assessed value positions it favourably citywide, suggesting solid underlying value for the area.

Key Characteristics & Ideal Buyer

The standout feature is the lot size, which ranks in the top 15% for Grosvenor Avenue. This offers rare potential for expansion, gardening, or simply enjoying ample outdoor space in a central locale. The home itself is more compact and older than many on the street, presenting a "land value" proposition with a liveable house. Its recent sale history indicates it may be suited for buyers looking to enter a desirable area with a plan to renovate or rebuild over time. This property would particularly suit a practical buyer or investor who values location and land size over immediate move-in finish, seeing the existing structure as a solid starting point with long-term potential.

Frequently Asked Questions

1. Is the price driven mainly by the land?
Yes, the data suggests so. The lot size is significantly above average for the street and neighbourhood, while the living area and assessed value for the building itself are below area averages. This indicates the valuation is heavily influenced by the land's desirability and potential.

2. What does "renovated basement" likely mean for a home of this age?
While specifics aren't provided, in a 1945 home this typically indicates essential updates have been made, such as moisture control, insulation, electrical, and living space finishes. It’s a positive feature that adds functional space, but a thorough inspection is recommended to understand the scope and quality.

3. How does the 1945 build year compare?
It's newer than many homes on Grosvenor Avenue and in Crescentwood, where average build years are 1926. This is a relative advantage, potentially meaning fewer issues with very old infrastructure, though it still requires consideration of its 80-year age.

4. The assessed value seems low. Why?
The assessed value is for taxation purposes and often lags behind market value. Its citywide ranking (top 29%) shows it's considered above average compared to all Winnipeg homes. The lower ranking on its own street reflects the presence of larger, more valuable homes, not necessarily an inaccurate assessment.

5. Who might this property not suit?
It may not suit buyers seeking a turn-key, modern home with ample finished space or those who don't want to manage a property with future renovation or redevelopment in mind. The modest living area and older building require a vision for the property's long-term use.