Property Overview

62 Tudor Crescent presents a compelling opportunity in Winnipeg's Munroe East neighborhood. Its standout feature is the generous 8,299 sqft lot, which places it in the top 1% of the local area and the top 10% city-wide, offering rare space for expansion, gardening, or recreation. Built in 1988, the home is notably newer than most in its immediate surroundings, suggesting potentially fewer major maintenance concerns compared to older area homes. With 1,371 sqft of living space, it provides ample room, ranking well above the neighborhood average.

The appeal lies in this combination of a modern structure on a large, established lot—a mix that can be hard to find. It suits buyers looking for a solid, move-in-ready home with the valuable upside of land. It’s ideal for a growing family seeking backyard space, a hobbyist wanting room for projects, or a long-term buyer who values the potential for future additions or landscaping. The assessed value indicates a solid, mid-range investment for the city, but it represents a premium property within its own highly desirable crescent and neighborhood.

Frequently Asked Questions

How does the sold price from 2020 relate to its current value?
The home sold for an estimated $300k–$350k in 2020. While this provides a historical benchmark, current market conditions, renovations, and area trends will determine its present value. The assessed value is a separate figure for tax purposes.

What does it mean that the home is "newer" than others on the street?
Most comparable homes on Tudor Crescent were built around 1959. A 1988 build likely means updates to foundational systems like wiring, plumbing, and insulation, which can offer peace of mind and reduced immediate upgrade costs.

Is the large lot size a benefit for future resale?
Typically, yes. A lot size in the top 1% for the area is a permanent and scarce feature that often sustains value. It provides flexibility that smaller lots do not, which appeals to a broad range of future buyers.

Why is the assessed value for the city-wide comparison so different?
The "city-wide average" of $390k includes all home types across Winnipeg. The home's specific assessed value of $40.30k is for taxation. The key takeaway is that within its own neighborhood and street, this property is ranked in the top tier (2-6%) for assessed value, indicating it is considered a higher-value asset in its immediate context.

What are the potential trade-offs with a larger lot?
While offering privacy and space, a lot of this size requires more time and expense for maintenance (lawn care, landscaping, snow clearing). It’s a significant benefit for those who want the space, but a consideration for those seeking lower upkeep.