Property Overview: 351 Yale Avenue, Crescentwood, Winnipeg

Key Characteristics & Appeal

This two-storey home, built in 1929, is a classic Crescentwood property that offers space, established character, and a prime location. Its primary appeal lies in its generous proportions. With over 2,300 square feet of living space, it ranks within the top 4% of homes citywide for size, providing ample room for a growing family or those who value spacious interiors. The lot is also substantial at over 6,000 square feet, offering potential for gardening, outdoor living, or future expansion.

The home’s value is underscored by its assessed value ranking, which places it in the top 5% citywide and above average for its immediate street and neighborhood. This suggests a property with solid fundamentals in a desirable area. Notably, the basement is present but unrenovated, representing a blank canvas for customization or additional living space. The lack of a garage may be a consideration, but is not uncommon for homes of this vintage in established neighborhoods.

This property would best suit a buyer looking for a character home with excellent "bones" in a mature, prestigious neighborhood. It’s ideal for someone who appreciates the potential of a space that hasn’t been fully modernized and is ready to put their own stamp on it, whether through a basement development, kitchen updates, or preserving its original charm. It’s less suited for those seeking a completely turn-key, modernized home or who require attached garage parking.

Frequently Asked Questions

1. What is the neighborhood like?
Crescentwood is one of Winnipeg’s most established and sought-after neighborhoods, known for its tree-lined streets, historic architecture, and proximity to parks, the Assiniboine River, and well-regarded schools.

2. Why is the assessed value significantly different from the last sale price?
The last sale was in August 2020 for $700,000. The current assessed value is a municipal assessment for tax purposes, which often uses a different valuation method and lags behind current market fluctuations. The sale price is a more direct indicator of fair market value at the time it sold.

3. What does "basement yes, not renovated" mean?
It confirms the house has a full basement, but it is in original or unfinished condition. It presents potential for additional living space, such as a family room, home office, or suites, but would require a significant investment to develop.

4. How does the living area compare to nearby homes?
The home is notably larger than most on its street (top 20%) and in the city overall (top 4%). Within Crescentwood, it is about average for the neighborhood, which is known for larger, character homes.

5. What are the implications of the 1929 build date?
It confirms the home’s classic character and likely features solid construction. Buyers should budget for and expect maintenance consistent with a home of this age, such as potential updates to plumbing, electrical, or windows, and should prioritize a thorough inspection.