Property Summary: 55 Charing Cross Crescent, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 55 Charing Cross Crescent in River Park South is defined by its efficiency and value positioning within a well-established neighborhood. Its key characteristic is a smaller living footprint of 830 sqft, which places it below the average size for both the street and the wider area. Built in 1979, it is a classic example of the community's original housing stock.

The primary appeal lies in its accessible price point, as reflected in an assessed value significantly below the local averages for Charing Cross Crescent and River Park South. This presents a clear entry opportunity into a mature neighborhood. The lot size is consistent with others on the street, offering standard outdoor space. A thoughtful perspective is that a smaller, well-maintained home like this can offer lower utility costs, less maintenance, and a manageable space without sacrificing location. It last sold in 2016, suggesting a stable ownership history.

This property would best suit first-time buyers seeking neighborhood equity over square footage, downsizers looking to rightsize into a single-level community, or value-focused investors interested in a stable rental area. It’s for those who prioritize location and financial accessibility above spacious interiors.

Section 2: Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $326k is a municipal calculation for tax purposes and is a starting point. Notably, it is below the average for the immediate street and neighborhood, which may influence buyer expectations. The final sale price will be determined by current market conditions, the home's condition, and buyer demand.

2. How does the smaller living area impact daily life and resale?
At 830 sqft, the home requires efficient use of space and may not suit those needing multiple dedicated rooms. For the right buyer, this promotes a simpler lifestyle. For resale, it consistently appeals to a specific market segment (first-time buyers, downsizers), but may take longer to sell than a larger home in the same area.

3. What does the "Below Average" ranking for the neighborhood and street actually mean?
These rankings compare this specific home against similar properties in the defined area. For living area and value, it ranks in the bottom 3-10% locally, meaning most nearby homes are larger and have a higher assessed value. This isn't a comment on the neighborhood's quality, but a precise metric showing this is one of the more compact and lower-valued homes on the block.

4. The home was last sold in 2016. Can I find out the exact sale price?
The public data shows a sold price range of CA$250k–300k for that transaction. To obtain the exact historical sale price, you would need to request a manual lookup from the site, as they do not display MLS sold records.

5. Are there any obvious red flags based on this data?
The data itself reveals no red flags, only clear characteristics: a smaller, older home valued below its immediate surroundings. The potential considerations are inherent to those traits, such as the possible need for updates common to a 1979 build or the space constraints. Further due diligence would involve a professional inspection and viewing.