2475 Assiniboine Crescent

Property Overview: 2475 Assiniboine Crescent

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Birchwood offers a classic and practical living arrangement on a notably large, nearly 8,000 sqft lot. Its primary appeal lies in this generous outdoor space, which is larger than most in the immediate area and presents significant potential for gardening, expansion, or simply enjoying private greenery. The home itself features a renovated basement, adding valuable finished living space to the 1,305 sqft main floor, and includes the practical benefit of an attached garage.

The property suits buyers looking for a solid, single-level layout in a mature neighbourhood, where the value is anchored more in the land and location than in a modern structure. It’s an ideal match for a first-time buyer, a downsizer, or a practical investor who sees the long-term value in a large lot and is comfortable with a home whose core structure reflects its 1958 build date. The recent sale in March 2025 at a price very close to its assessed value suggests a stable, grounded entry into the market without the volatility of a bidding war.

Section 2: Frequently Asked Questions

1. What does the "renovated basement" typically include?
While specifics should be verified with the listing agent, a renovated basement in a home of this era often means it has been finished into a livable space, potentially including a recreation room, additional bedrooms, or a bathroom. It’s wise to inquire about the permit history and the quality of the finishes.

2. How does the large lot size benefit me practically?
Beyond extra privacy and yard space, a lot of this size (ranked in the top 41% on its street) offers future flexibility. It could accommodate a sizable addition, a detached garage or workshop, or even a subdivision, subject to city zoning bylaws and approvals.

3. The home is older—what should I budget for maintenance?
Given the 1958 build, proactive maintenance is key. Buyers should plan for potential updates to major aging components, such as the roof, windows, plumbing, and electrical systems. A thorough home inspection is strongly recommended.

4. How does the assessed value compare to the sale price?
The home recently sold for $39,000, which is very close to its $38,200 assessed value. This indicates the sale was likely a fair market transaction, not inflated or distressed, providing a clear benchmark for the property's worth.

5. What is the neighbourhood character like?
Birchwood is a mature, established neighbourhood. The property rankings show it is not among the newest or largest homes in Winnipeg, but it sits in a stable area. The presence of similar-valued homes in neighbourhoods like Elmhurst and Varsity View suggests it offers comparable value in a different location.