Property Overview & Key Characteristics
140 Riley Crescent is a well-maintained, one-storey home built in 1954, situated on a generously sized lot in Winnipeg's Crescent Park neighbourhood. Its primary appeal lies in its above-average proportions and established location. The home features a renovated basement and a detached garage.
The property stands out for its spacious 6,925 sqft lot, which is notably larger than most on its street and in the wider city. The living area of 1,486 sqft is also comfortably above average for the immediate area, offering more interior space than many comparable homes. A thoughtful perspective is that while the home itself is from the 1950s, its lot size is a permanent asset that is increasingly rare, offering long-term value through potential for outdoor enjoyment, gardening, or future expansion.
This home would best suit pragmatic buyers looking for a solid, grounded property in a mature neighbourhood. It’s ideal for someone who values interior space and a large yard over a newer build, and for those who appreciate a home that already has key updates like a renovated basement. It represents a practical opportunity to own a property with strong fundamentals in a stable community.
Frequently Asked Questions
1. How does the lot size compare to other properties?
The lot is 6,925 sqft, placing it in the top 30% for size on Riley Crescent itself and in the top 18% citywide, making it a standout feature for the property.
2. Is the home older than others in the area?
Built in 1954, it is actually slightly newer than the average home on its street, ranking in the top 9% there for year built. It is generally on par with the average age of homes in the broader Crescent Park neighbourhood.
3. What is the living space like compared to nearby homes?
With 1,486 sqft of living area, the home is larger than many on its street (top 13%) and in Crescent Park (top 28%), offering more interior space than the typical comparable property.
4. How does the assessed value context inform the price?
The assessed value is consistent with the home's above-average lot and living area. It sits around the neighbourhood average, suggesting the asking price is likely grounded in the property's tangible attributes rather than speculative neighbourhood premium.
5. What is the immediate area like?
The property is on a quiet crescent with closely spaced homes, as indicated by the proximity of neighbouring addresses. The data suggests a stable, established area where property metrics like lot size and age are consistent among neighbours.