Property Overview

This is a substantial, early 20th-century home in Winnipeg's desirable Crescentwood neighbourhood. Built in 1915, the two-and-a-half storey house sits on an exceptionally large lot of over 9,000 sq ft, placing it in the top 1% for land size on its street. With nearly 3,000 sq ft of living space, it offers significantly more room than the average Winnipeg home. The property features a detached garage and a renovated basement. Its most recent sale was in March 2025 for $810,000.

Key Characteristics & Appeal

The primary appeal of this property lies in its combination of a prime location, generous scale, and established character. The lot size is a standout feature, offering rare outdoor space and potential in a mature, elite area. The home itself provides ample living area, well above local and city averages. Its 1915 vintage offers classic architectural charm, though it comes with the considerations of an older structure. The renovated basement adds modern, functional space.

This home would best suit buyers who value space and location over new construction. It’s ideal for a family seeking a long-term home in a prestigious neighbourhood, who have the capacity for ongoing maintenance or thoughtful updates that a 110-year-old house may require. It also appeals to those who appreciate the stability and investment potential of a property with land that significantly outperforms its peers.

Frequently Asked Questions

1. What does the "Elite" or "Top 1%" ranking for land area actually mean?
It means this property's lot size is larger than 99% of comparable residential lots on Grosvenor Avenue. With 9,090 sq ft, it offers substantially more yard space than the street average of about 5,500 sq ft.

2. The house was built in 1915. What should I consider?
While full of character, a home of this age will have systems (like plumbing, electrical, and the roof) that require careful inspection. The renovated basement is a positive update, but the overall structure demands a thorough professional home inspection to understand its condition and future needs.

3. The assessed value is listed at $97.50k, but it sold for $810k. Why is there such a difference?
Municipal assessed value for property tax purposes is often significantly lower than market value, especially in appreciating neighbourhoods. The sale price reflects the current market value buyers are willing to pay for this specific location and property.

4. Is the detached garage a positive or a negative?
This depends on preference. A detached garage maintains the classic streetscape of an older home and can offer flexible use (e.g., workshop, studio). However, it is less convenient for daily use in Winnipeg winters compared to an attached garage.

5. The sale history shows a huge price increase from $78.5k in 2017 to $810k in 2025. What explains this?
Such a dramatic increase typically indicates a major transformation of the property. The 2017 sale likely represented the value of the land or a home in need of total renovation. The 2025 price reflects the value after substantial investment, likely including the basement renovation and other significant updates.