Property Overview: 123 Charing Cross Crescent, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a compelling case as a practical, value-conscious choice in Winnipeg's River Park South neighborhood. Its primary appeal lies in a significant and rare advantage: an exceptionally large lot. At 6,776 sqft, the property ranks in the top 3% for land size on its own street, offering substantial outdoor space for gardening, recreation, or future expansion—a standout feature in a mature suburb.

The house itself, built in 1980, is functionally sized at 984 sqft. While its living area is below the neighborhood and city averages, its assessed value of $399k aligns closely with averages for the street and the wider city. This creates an interesting dynamic: you are investing more in the land than the structure. Recent comparable sales on the street have ranged from approximately $300k to $350k.

This property would suit first-time buyers or downsizers who prioritize private outdoor space over a large interior footprint. It’s also a potential match for a buyer with a longer-term vision, who sees value in the lot’s potential, whether for enjoying a spacious yard or considering future improvements. It’s a home for those who find more appeal in a manageable interior with room to breathe outside, rather than a larger, newer house on a standard plot.

Section 2: Frequently Asked Questions

1. Is the house priced for the land or the building?
The data suggests the value is significantly tied to the land. The lot size is elite for the street, while the living area is modest. The assessed value is in line with city averages, indicating you are likely paying a premium for the parcel size and location.

2. How does the recent sale history affect the current value?
A home on this street sold between $300k and $350k in late 2020. Market conditions have changed since then, but this provides a historical benchmark. The current assessed value of $399k reflects the municipal valuation, which may differ from market price.

3. What does "below average" living area mean for daily life?
At 984 sqft, the home is cozier than many in River Park South. It demands efficient use of space and may not suit those needing multiple large bedrooms or extensive living areas. However, it can be ideal for simpler living and is often easier and less expensive to maintain and heat.

4. Are homes from 1980 likely to need major updates?
A 1980 build is average for the street. While major structural issues are not implied, buyers should budget for potential updates common to homes of this age, such as windows, roofing, or interior finishes. The mechanical systems (furnace, water heater) are likely at or beyond their typical lifespan.

5. How can I get the exact past sale prices for this property?
The provided sold price is an estimated range from public records. Due to industry rules, exact MLS sale figures are not displayed here. You can request the full transaction history and exact figures via email through this site, which will be provided manually.