Property Overview: 106 Riley Crescent, Crescent Park, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home on a mature, spacious lot in Crescent Park offers a practical and grounded opportunity. Its key characteristics include a renovated basement, a detached garage, and a generous 6,376 sqft lot that ranks above average citywide. Built in 1953, the home is typical for its established neighbourhood, with a living area of 1,142 sqft that provides comfortable, single-level living.
The primary appeal lies in its location and lot size within a stable area. The property represents a solid, no-frills entry into a neighbourhood of consistent values. It suits buyers looking for a manageable footprint with a large yard for gardening, pets, or future expansion. It’s particularly well-matched for first-time homeowners, downsizers seeking a main-floor living layout, or value-focused investors attracted by the renovated basement’s potential for additional income or flexible family space. A thoughtful perspective is that while the home itself is average for its immediate street, the lot size offers a relative scarcity value compared to the wider city, presenting a long-term advantage.
Section 2: Frequently Asked Questions
1. How does this property compare to others in the area?
The data shows this home is very typical for Riley Crescent and the broader Crescent Park neighbourhood in terms of its size, age, and assessed value. Its lot size, however, is notably larger than the Winnipeg city average.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope or finish. This is a key detail to clarify with the selling agent regarding the quality, permits, and the nature of the renovation (e.g., finished living space, modernized utilities).
3. Is the assessed value a good indicator of the sale price?
The current assessed value is $41,400k, but it sold for $37,500k in 2019. Assessed values are for municipal tax purposes and can differ from market value. Recent comparable sales in the area will be a more accurate guide for the expected sale price.
4. Who might this property not suit?
Buyers seeking a modern, move-in-ready home with contemporary layouts and extensive upgrades may find this 1953 bungalow requiring updates. Those needing significant square footage above grade or multiple dedicated bedrooms might find the main floor living area limiting.
5. What is the potential here for a buyer?
The significant lot size is the standout feature, offering more outdoor space than many city properties. Combined with the renovated basement, the potential lies in enjoying the established neighbourhood as-is, or in the future possibility of expanding the home (subject to zoning) or further enhancing the outdoor living space.