Property Overview: 123 Larchdale Crescent, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home on a generous 6,712 sqft lot in Kildonan Drive presents a practical and comfortable living opportunity. Built in 1958, its key appeal lies in its solid, average metrics across the board—it’s a home that doesn’t stand out for extreme size or assessed value but offers stability and a renovated basement. Its living space (1,171 sqft) and lot size are both comfortably above the city-wide average, providing more room than many newer properties. The attached garage and quiet crescent location add to its everyday livability.

The home’s recent sale history suggests strong market interest, with its last sold price ranking notably higher than its assessed value, indicating buyers see value beyond the official valuation. It would suit first-time buyers looking for a move-in-ready, single-level layout, or downsizers seeking a manageable property with a good-sized yard and the potential of a finished lower level. Its broad, unexceptional rankings suggest it’s a straightforward property without major red flags or premium features, appealing to those seeking a balanced, grounded investment in a mature neighbourhood.

Section 2: Frequently Asked Questions

1. How does the recent sale price compare to the assessment?
The home sold for significantly more than its $390k city-wide assessed value in late 2024. This is common and indicates the market’s perceived value exceeded the official tax assessment at that time.

2. Is the lot size a benefit?
Yes. The lot is over 6,700 sqft, which ranks above average city-wide. This provides ample outdoor space, a relative rarity compared to many newer developments, and is a key asset of the property.

3. What does "around average" in the rankings mean for a buyer?
For most metrics (size, value, year built), this home sits in the middle of the pack locally. This can be an advantage, as it suggests the property is typical for the area, which often translates to predictable maintenance and easier future resale without the premium or challenges of a highly unusual home.

4. The home is from 1958. What should I consider?
While the building age is typical for the street and area, a home of this vintage will likely have had major systems updated. The listing notes a renovated basement, but inquiries should focus on the roof, wiring, plumbing, and foundation to understand the update history.

5. How does this property fit within its immediate neighbourhood?
On Larchdale Crescent itself, the home is consistently average in living area, value, and land size compared to its 72 direct neighbours. This indicates it fits right into the existing streetscape, offering neither the largest nor the smallest property on the block.