Property Overview
This one-storey home at 26 Fletcher Crescent in Winnipeg's Crescent Park neighbourhood presents a specific and practical opportunity. Its key appeal lies in a notable contrast: while the 999 sqft living space is modest and below average for the area, it sits on a generously sized 7,688 sqft lot that ranks well above average for the street and city. The home itself, built in 1953, features a renovated basement. Its most recent sale was in 2019.
This property would suit a buyer with a clear vision for the long term. It's ideal for someone comfortable with a smaller, efficient living space who values the potential of a large yard for gardening, expansion, or future outdoor living. It could also appeal to an investor or handy homeowner who sees the underlying value in the land and the already-updated basement, viewing the main floor as a canvas for gradual, personalized updates.
Frequently Asked Questions
Is the house particularly small for the neighbourhood?
Yes. At 999 sqft, the living area is below the average for both Fletcher Crescent and the wider Crescent Park area. This is the home's main compromise, offering efficient but compact living space.
What is the most significant positive feature?
The land size. The lot of 7,688 sqft is substantially larger than many in the city and ranks in the top 18% on its own street. This provides valuable outdoor space and potential not found in newer subdivisions.
How does the assessed value compare?
The assessed value is below average for the immediate street and neighbourhood, likely reflecting the smaller home size. However, citywide, it sits around the middle, suggesting the large lot provides a balancing factor in its overall valuation.
Is the 2019 sale price relevant today?
The 2019 sale price of $28.5k is a historical data point, but market conditions have changed significantly since then. It is not a reliable indicator of current value, which will be influenced by recent market trends, interest rates, and the property's updated condition.
What does "renovated basement" typically mean for a 1953 home?
While specifics aren't listed, in a home of this age, a renovated basement often means updated finishes, improved moisture control, and the conversion to livable space (e.g., a rec room, bedroom, or suite). Buyers should verify the scope, permits, and quality of the renovation.