Property Overview
This one-storey home at 240 Buxton Road in Winnipeg's Crescent Park neighborhood presents a compelling blend of established character and modern updates. Its key appeal lies in its above-average investment profile and move-in readiness, particularly suited for specific buyers.
Key Characteristics & Appeal
The home’s living space of 1,184 sq ft is functionally sized and aligns with the neighborhood average, making it a comfortable fit for small families, couples, or downsizers. Its most notable characteristic is a renovated basement, which adds valuable finished space and modern convenience. The attached garage is a practical asset for Winnipeg winters.
Financially, the property stands out. Its assessed value ranks in the top 6% on its street and top 20% in Crescent Park, suggesting it is perceived as a higher-value asset relative to its immediate peers. This, combined with a sale price in late 2021 that ranked in the top 10% for the area, indicates a history of strong market performance. The lot size is also above average city-wide, offering good outdoor space.
This home would best suit value-conscious buyers looking for a "move-in ready" property in an established neighborhood, who appreciate the security of a recently renovated basement. It’s also ideal for those who analyze market data, as its strong assessment and sale price rankings point to a well-maintained asset in a desirable pocket of Crescent Park.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 1,184 sq ft, the living area is very close to the average for both the street and the wider Crescent Park area. It offers a practical, average-sized layout for the neighborhood.
2. The assessed value seems high relative to the home’s age and size. Why?
The assessment ranks significantly above local averages. This typically reflects factors like the renovated basement, overall condition, lot desirability, and recent sale price, signaling the property is considered a premium offering on its street.
3. What does the 2021 sale price tell us?
The sale price from December 2021 placed in the top 11% for the area. While market conditions have shifted, this historical data shows the home commanded a premium price, reinforcing its perceived value.
4. Is the 1956 build date a concern?
The year built (1956) is actually newer than many homes on Buxton Road and in central Crescent Park. While systems like roof and furnace will need attention due to age, the home is relatively newer for its established neighborhood, and the renovated basement suggests key updates have been made.
5. Who might this property not be ideal for?
Buyers seeking a very large or brand-new home may find the square footage and 1950s era limiting. Those prioritizing an exceptionally large yard might find the lot size average for the immediate area, though it is above the city-wide average.