Property Summary: 2589 Assiniboine Crescent, Winnipeg
Key Characteristics & Appeal
This 1963 bi-level home in Birchwood presents a compelling blend of space, location, and value. Its primary appeal lies in its generous proportions, both indoors and out. The 2,175 sqft living area is notably spacious, ranking in the top 15% for its street and top 8% within the neighbourhood. This is complemented by a large, 8,456 sqft lot, offering ample outdoor potential. A key feature is the renovated basement, adding significant functional living space. The home includes an attached garage for convenience.
Its value proposition is underscored by market history, having sold for $635k in mid-2022, with a current assessed value of $540k. The data suggests a home that offers more interior space and a larger lot than most comparable properties in the immediate area and across Winnipeg. It suits buyers looking for a established home in a quiet crescent setting with room to grow or customize, without paying a premium for a newer build. It would particularly appeal to families or multi-generational households needing versatile space, or value-conscious buyers seeking a property with above-average square footage for the investment.
Frequently Asked Questions
1. How does the age of the home (built 1963) factor into its condition and potential costs?
While the basement has been renovated, the core structure is over 60 years old. Buyers should budget for potential updates to major aging components, such as the roof, windows, or original plumbing and electrical systems. A thorough inspection is essential.
2. The assessed value is lower than the 2022 sale price. What does this indicate?
Municipal assessments are for tax purposes and often lag behind current market values. The 2022 sale price is a stronger indicator of its recent market worth, but the assessment suggests a potentially favourable tax position relative to its last selling price.
3. The lot is large, but how is the property positioned within the neighbourhood?
The home ranks in the top 68% of the neighbourhood for lot size, meaning it's larger than many, but not the largest. It offers above-average outdoor space for Birchwood, providing good privacy and room for gardens, play, or additions, but may not be considered an estate-sized lot.
4. What is the significance of the "bi-level" design?
Bi-levels typically feature split entry, with living areas on the upper level and the renovated basement constituting a substantial lower living space. This layout can offer good separation of living and sleeping areas or multi-generational potential, but may involve more stairs than a bungalow.
5. The home ranks highly for space, but what about the immediate surroundings?
The listing shows several nearby properties on adjacent streets, indicating a mature, established area with typical density for Birchwood. The crescent location often means lighter traffic, but proximity to neighbours is standard for the community.