Property Overview: 1194 Dorchester Avenue, Crescentwood, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home, built in 1943, presents a practical opportunity in the well-regarded Crescentwood neighborhood. With 1,152 sqft of living space and a 4,004 sqft lot, it is notably more compact than many area homes, placing it in the lower tier for size within Crescentwood. It features a detached garage and an unrenovated basement. The home’s appeal lies in its relative affordability for the prestigious area, offering a foothold for those prioritizing location over square footage. It last sold in October 2020 for $310,000, with a current assessed value of $37,500.

This property would best suit a first-time buyer, downsizer, or investor seeking a character home in a mature, central neighborhood without the premium for a large, updated property. It’s a project-ready canvas, ideal for someone comfortable with a home that may require modernization over time. A less obvious perspective is that its smaller scale and lot, while below area averages, could mean lower maintenance costs and utility bills—a practical advantage for a target buyer. Its above-average age for the immediate street suggests a well-established, classic streetscape.

Section 2: Frequently Asked Questions

1. Is the assessed value of $37,500 the likely selling price?
No. The assessed value is for municipal tax purposes and is typically much lower than market value. The 2020 sale price of $310,000 is a more relevant, though not current, market indicator.

2. How does this home compare to others in Crescentwood?
The data shows it is smaller in both living area and land size than the typical Crescentwood home. This is reflected in its below-average rankings for those metrics within the neighborhood, suggesting it’s a more modest property in a area of larger homes.

3. What does “basement, not renovated” imply?
It indicates the basement is unfinished or in original condition, likely requiring updates for modern living or entertainment use. Buyers should budget for potential renovations or see it as usable storage/utility space as-is.

4. The home is older than most in the city. Is that a concern?
While its 1943 build is newer than many on its street, it is an 80+ year-old structure. A thorough inspection is essential to understand the condition of major systems like plumbing, electrical, and the foundation, which may need attention.

5. Who might this property not suit?
It may not suit buyers seeking a move-in-ready, modernized home or those needing significant space for a growing family. Its value is in the location and the lot, not in turn-key finishes or ample square footage.