Property Overview
29 Riley Crescent is a well-situated, one-storey home in Winnipeg's Crescent Park neighbourhood. Built in 1953, it sits on a generous 5,716 sqft lot and features a renovated basement and a detached garage. Its most defining characteristic is the balance it strikes: it offers a substantial, private yard on a quiet crescent, while the home itself is modest in size at 932 sqft of living area. This creates a distinct dynamic where the outdoor space is a major feature.
The appeal lies in this land-to-building ratio. It’s a property for those who prioritize private outdoor space, garden potential, and the stability of an established neighbourhood over a large interior footprint. The renovated basement adds functional living space, making the overall package more versatile. It would suit first-time buyers or downsizers looking for a manageable home without sacrificing yard size, or an investor seeking a land-value play in a mature area. It’s less suited for those requiring substantial above-grade square footage or modern, open-concept layouts.
Frequently Asked Questions
1. Is the house too small for the lot?
Not necessarily. While the living area is below average for the area, this is precisely what makes the lot feel so private and expansive. It’s an ideal layout for those who value outdoor living and garden space over a large interior.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand if it includes a legal suite, additional bedrooms, or simply finished living space.
3. How does the assessed value relate to the likely sale price?
The home last sold in 2021 for $40,800 and is currently assessed at $38,100. In Winnipeg’s market, sale prices often differ from assessed values. The 2021 sale price and current area averages are more relevant indicators for formulating an offer.
4. What are the implications of the home's age (73 years)?
A 1953 build means potential for character but also for aging components. While the basement has been updated, the roof, wiring, plumbing, and windows should be carefully inspected to understand future maintenance priorities and costs.
5. The lot is large, but is it usable?
At over 5,700 sqft, the lot is a significant asset. Its usability depends on its shape, topography, and any easements. A viewing will determine if it’s primarily a deep backyard, suitable for gardening, recreation, or potential future expansion, subject to zoning.