Property Overview: 65 Wilton Street, Crescentwood, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home in the established Crescentwood neighbourhood presents a compelling blend of space, location, and potential. Built in 1947, its primary appeal lies in its substantial, private lot—over 11,300 square feet ranks it in the top 10% locally and top 4% citywide for land area. This offers rare scope for gardens, expansion, or simply enjoying generous outdoor space in a central area. The living area of 1,897 sq. ft. is above average for both the street and the city, providing ample room. A recently renovated basement adds modern, functional living space.

The home suits two main types of buyers. First, those seeking a character home in a prestigious neighbourhood who value land size over a newer build, understanding that a 1947 home may require updates or thoughtful maintenance. Second, it appeals to value-conscious buyers looking for a "footprint play" in Crescentwood, where the significant lot represents long-term value and the renovated basement offers move-in-ready functionality. Its assessed value sits well above the Winnipeg average, reflecting its desirable location and substantial property assets, yet it remains around the median for Crescentwood itself, suggesting it is a competitively positioned entry into the neighbourhood.

Frequently Asked Questions

1. What does the "above average" and "top %" ranking data mean?
This data compares the home against similar properties on three levels: its immediate street, the broader Crescentwood area, and all of Winnipeg. For example, ranking in the "Top 10%" for Land Area means 90% of comparable local properties have a smaller lot, highlighting a key strength of this property.

2. Is the assessed value the same as the market value or sale price?
No. The assessed value (listed as $62.50k here, which refers to the taxable assessment) is used for municipal tax purposes. Market value is determined by what a buyer is willing to pay and can be significantly higher. Always consult recent sales and a real estate professional for current market value.

3. What are the implications of the home being built in 1947?
While the home offers classic character and a prime location, its age places it below the average year built on its street. Prospective buyers should budget for potential updates to major systems (like plumbing, electrical, or roof) and consider an inspection to understand the condition, balancing these factors against the value of the large lot and location.

4. What is the benefit of having a detached garage?
A detached garage provides flexible space separate from the main house, which can be ideal for a workshop, studio, or vehicle storage without impacting indoor air quality or noise levels in the home. It also offers more design freedom for future landscaping or property development.

5. How does the renovated basement impact the living experience?
A renovated basement effectively adds modern, comfortable living space without altering the home’s original character upstairs. It can serve as a family room, home office, or guest suite, increasing the home’s functionality and year-round usability. Ensure renovations were permitted and completed to code.