Property Summary: 992 Grosvenor Avenue, Crescentwood, Winnipeg

Section 1: Key Characteristics & Appeal

This is a substantial, character-filled home built in 1911, offering generous living space of nearly 2,800 sq ft. Its primary appeal lies in its established Crescentwood location and its above-average size, which places it within the top 2% of homes city-wide for living area. The house presents a classic "two-and-a-half storey" layout, featuring a basement that is noted as being unrenovated, and the property does not include a garage or pool.

The home suits buyers looking for a project with good bones in a desirable neighbourhood. It’s ideal for those who value space and historic charm over modern finishes and are prepared to invest in updates. A thoughtful perspective is that the home’s assessed value is notably modest for its size and area, which could indicate a significant opportunity for value increase through thoughtful renovations, or conversely, reflect needed investments. The lot size is smaller than the Crescentwood average, suggesting a lower-maintenance yard but less space for expansions or pools. This property would likely attract growing families seeking character, value-oriented investors, or buyers who plan to customize a home to their own taste over time.

Section 2: Frequently Asked Questions

1. What does "basement, not renovated" typically imply?
It suggests the basement is in original or functional condition, likely lacking modern finishes. Buyers should budget for potential updates to plumbing, electrical, or insulation to fully utilize the space.

2. How does the assessed value compare to the likely market price?
The assessed value is for municipal tax purposes and is often lower than market value, especially for older homes in sought-after neighbourhoods. The last recorded sale was in 2020 for $42,200, but this is not indicative of current value. A professional appraisal is essential.

3. What are the considerations of not having a garage in this area?
Street parking will be necessary. Buyers should investigate seasonal parking restrictions, permit availability, and the practicalities of managing vehicles during Winnipeg winters without covered parking.

4. The home is large but the lot is relatively small for Crescentwood. What does this mean?
It offers less private outdoor space than some neighbours but also means less yard maintenance. The footprint may limit possibilities for large additions, but the existing generous interior space is the primary asset.

5. Given its age, what major systems should be prioritized for inspection?
A thorough inspection should focus on the foundation, roof, original wiring, plumbing (especially galvanized or lead pipes), and heating system. The unrenovated state means these core systems may be older and require attention.