Property Overview: 217 Charing Cross Crescent, Winnipeg

Key Characteristics & Appeal

This 1980-built home in River Park South presents a practical and affordable entry point into a well-established Winnipeg neighborhood. With 984 square feet of living space on a 4,481 sqft lot, its size is modest yet functional, ranking around average for its own street but below the broader neighborhood average. This positions it as a more manageable property, potentially requiring less upkeep than larger homes.

Its core appeal lies in its value proposition. With an assessed value of $375,000, it sits below the River Park South neighborhood average, offering a relative discount for the area. This is reinforced by its 2022 sale price, which placed in the top 15-29% of sales for the street and area at the time, suggesting it has been a competitively priced home. The lot size is also typical for the immediate street, offering standard outdoor space.

This property would suit first-time buyers or downsizers seeking a lower-maintenance footprint without leaving a mature community. It’s a home for those prioritizing financial accessibility and a stable location over sheer size, and who may see potential in updating a solidly built 1980s home to suit modern tastes.

Frequently Asked Questions

1. How does this home’s size compare to others nearby?
While its living area is slightly below the average for the wider River Park South neighborhood, it is very much in line with the typical home on Charing Cross Crescent itself. This suggests a street of similarly scaled, comfortable homes rather than a mix of very large and very small properties.

2. Is the assessed value a good indicator of its market price?
The assessed value of $375,000 is a municipal valuation for tax purposes, not a market appraisal. Notably, it is below the neighborhood average, which can be appealing. However, the 2022 sale data (which placed in a higher percentile) is a more direct indicator of its recent market performance, though market conditions have likely shifted since then.

3. What does the 2022 sale price range tell me?
The public data shows it sold within the CA$400k–450k range in May 2022, which placed it in the top 15% of sales on its street at that time. This indicates it was a desirable, competitively priced property in its recent sales history. For the exact sale price, you can request a manual lookup via the site.

4. The home was built in 1980. What should I consider?
A 1980 build means major components like the roof, windows, and mechanical systems (furnace, water heater) may be nearing or past their typical lifespan unless they have been recently updated. A thorough inspection is advised, but this also represents a clear opportunity to modernize systems for efficiency.

5. How does the lot size impact potential?
At just under 4,500 sqft, the lot is very typical for the street but smaller than many in Winnipeg overall. This means yard maintenance is manageable, but space for large additions or pools may be limited. The value here is in the established location, not in expansive land.