Property Overview
129 Riley Crescent is a well-maintained, one-storey home built in 1954, situated on a generous 7,100 sqft lot in Winnipeg's Crescent Park neighborhood. Its key appeal lies in its balance of established character and practical updates, notably a renovated basement. With 1,092 sqft of living space, the home sits comfortably around the average size for its immediate street and the wider city. The lot size, however, is a standout feature, ranking above average both on its street and citywide, offering valuable outdoor space and potential. The assessed value is consistent with the local area.
This property would suit first-time buyers or downsizers looking for a manageable single-level layout in a mature neighborhood. It’s also a sensible choice for a value-oriented buyer who prioritizes a larger lot over a larger house, seeing the land as a long-term asset. The renovated basement adds functional living space, making it practical for small families or those needing a home office or recreational area.
Frequently Asked Questions
How does the home’s age affect maintenance?
Built in 1954, the home is older than most in the city. While this can mean periodic updates are needed, the house is notably well-kept for its age on Riley Crescent, ranking in the top 9% on its street. A thorough inspection is recommended to understand the condition of major systems.
Is the lot size a significant advantage?
Yes. The 7,100 sqft lot is a key feature, larger than many comparable properties. This provides ample yard space, greater privacy, and future potential for gardening, expansion, or additions, subject to local bylaws.
What does the "renovated basement" typically include?
While specifics should be verified, a renovated basement in a home of this era often means it has been finished into livable space, such as a family room, bedroom, or utility area, with proper flooring, walls, and ceiling. It adds valuable functional square footage to the main floor living area.
How does the property compare in value to the neighborhood?
The assessed value is very aligned with the immediate street and Crescent Park area, indicating it is priced consistently within its market context. It represents a mid-range option in the neighborhood, not an outlier.
What is the parking situation without a garage?
The property has no garage. Buyers should plan for driveway or on-street parking. The wide lot may offer potential to add a parking pad or garage in the future, subject to municipal regulations and permitting.