Property Overview

215 Risbey Crescent is a well-maintained, single-storey home in Winnipeg's Crestview neighbourhood. Built in 1972, it offers 988 sqft of living space on a 5,774 sqft lot and features a renovated basement. The home presents a practical, no-frills package with recent updates, positioned as a solid, average-value offering in its area.

Key Characteristics & Appeal

This home’s primary appeal lies in its move-in readiness and prudent updates, notably the renovated basement which adds functional space. Its assessed value is consistently around the average for its street, neighbourhood, and city, suggesting it is priced appropriately without premium or discount pressures. The lot size is smaller than others on Risbey Crescent but is typical for Crestview overall, offering manageable outdoor maintenance.

It would suit first-time buyers or downsizers seeking a straightforward, updated home in a stable neighbourhood without the premium for a larger footprint or a new build. A thoughtful perspective is that its "average" metrics across the board can be a strength—it represents a lower-risk, predictable purchase in a well-established area, insulated from the volatility that can affect properties with more extreme rankings. The recent sale history shows steady appreciation, indicating stable demand.

Frequently Asked Questions

1. How does the living space compare to nearby homes?
At 988 sqft, the living area is below the average for both Risbey Crescent and the Crestview neighbourhood, making it a more compact option. The renovated basement effectively adds usable space to offset this.

2. Is the assessed value a good indicator of the likely sale price?
The assessed value of $330,000 is firmly around the average for comparable homes at every level (street, area, city). Recent sale prices for this home have trended upward, suggesting market value is in line with or may slightly exceed this assessment.

3. What does the year built (1972) mean for a buyer?
While the home is 54 years old, it is actually newer than many in Crestview, ranking in the top 6% for the neighbourhood. Buyers can expect typical maintenance for a home of this era, but with the advantage of some recent renovations.

4. Are there any notable features missing, like a garage or pool?
The listing confirms there is no garage or pool. The property is focused on the essentials: living space, a renovated basement, and a manageable yard.

5. How stable has the home's value been?
Sale data shows a clear pattern of value growth: from $255k in 2020 to $309k later that year, and a recent sale at $365k in early 2024. This points to consistent appreciation in a stable market setting.