Property Overview: 2488 Assiniboine Crescent
Key Characteristics & Appeal
This two-storey home in Birchwood is defined by its generous scale and established setting. Its most prominent feature is a very large, 13,000 sqft lot, placing it in the top 15% of the neighbourhood for land area, offering significant outdoor space and privacy. The nearly 2,900 sqft living area is notably spacious, ranking in the top 1% for size both in the neighbourhood and across Winnipeg, suggesting a layout well-suited for family living or entertaining. The home benefits from a renovated basement, adding functional space.
Its appeal lies in the combination of substantial interior square footage on a premier-sized lot—a rare find in mature neighbourhoods. The property’s assessed value and recent sold price consistently rank in the top 10% of its immediate street and top few percent of the wider area, indicating it is perceived as a premium property within its context. It would best suit buyers looking for a established home with room to grow, who value larger lot sizes over a newer build (the home was constructed in 1964), and who appreciate a home with a strong, quantifiable standing relative to its surroundings.
Frequently Asked Questions
1. How does the age of the home (1964) factor into its value?
While newer homes typically rank higher, this property’s value is driven by its exceptional lot size and living area. Its top-tier rankings for assessed and sold price suggest the market strongly values these physical characteristics over its age.
2. The home has no garage. Is that common for the area?
The data does not specify commonality, but the property’s high value rankings indicate that the absence of a garage has not significantly diminished its market position, likely due to the ample lot space which could permit future addition.
3. What do the percentile rankings (e.g., Top 1%) actually mean?
These rankings directly compare this property to specific groups. For example, "Top 1% in Winnipeg" for living area means it is larger than 99% of Winnipeg homes in the database, providing objective context for its standout features.
4. The lot is large, but how is the neighbourhood?
The property consistently ranks in the top 15% of the Birchwood neighbourhood for key metrics like lot size, living area, and value, suggesting it is among the more substantial and desirable properties in the area.
5. Why is there a difference between the last sold price ($82.1k) and the assessed value ($73.8k)?
Sold price reflects the final market value at a specific time (October 2023), while the assessed value is an estimate for taxation purposes. That the sold price also ranks in the top 2% citywide confirms the market transaction aligned with the property’s high comparative standing.