Property Overview: 1231 Corydon Avenue, Crescentwood, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home, built in 1950, sits on a generous 5,732 sqft lot on Corydon Avenue. With 1,443 sqft of living space and a detached garage, it presents a classic Crescentwood footprint. The basement is noted as unrenovated, offering a blank canvas for future development.

Its primary appeal lies in its strong positional metrics within a desirable neighbourhood. The property ranks above average for both living area and land size specifically on Corydon Avenue itself, suggesting it offers more space than many of its direct peers. While its assessed value of $380k is below the Crescentwood area average, it is above average for the street, indicating a potentially attractive entry point into the locale. The 1950 build date is notably newer than many homes in the wider area, which may mean fewer concerns associated with very old infrastructure.

This home would suit a buyer looking for a solid foundation in a prime neighbourhood. It’s ideal for someone comfortable with a home that has maintained its original character, particularly in the basement, and who sees value in the lot size and location over a fully modernized interior. It appeals to those who prioritize the long-term asset value of land in Crescentwood and have the vision or budget to tailor the space to their needs over time.

Frequently Asked Questions

1. What does "above average for the street" mean in practical terms?
For key features like living area and lot size, this home is larger than most other properties directly on Corydon Avenue. This means you’re getting more space relative to your immediate neighbours, which can be a rarity on established streets.

2. Is the below-average assessment for Crescentwood a good thing?
It can be. While the home’s value is lower than the neighbourhood’s high average, it sold for significantly more than its assessment in 2022. This suggests the market recognizes its value, and it may offer a more accessible price point into the area without sacrificing the location's prestige.

3. The basement is unrenovated. What are the implications?
This presents both a consideration and an opportunity. You should budget for any necessary updates (like moisture control, insulation, or electrical) to bring it to modern standards. Conversely, it allows you to design the finished space to your exact specifications without first undoing someone else’s renovations.

4. How does the 1950 build year compare?
In a neighbourhood like Crescentwood with many heritage-era homes, a 1950 build is relatively newer. This can sometimes translate to more modern construction techniques, floor plans, and potentially easier updates for wiring or plumbing compared to much older houses.

5. Who might this property not suit?
Buyers seeking a completely move-in-ready, modernized home with no immediate projects may find the unrenovated basement a drawback. It’s best suited for those who view some level of personalization or phased renovation as part of their homeownership plan.