Property Overview: 5 Mcdougall Street, Crescent Park, Winnipeg
Key Characteristics & Appeal
This is a well-situated, one-storey home in Winnipeg's Crescent Park neighbourhood, built in 1958. Its key appeal lies in its balance of space and value within a mature community. The home features 1,065 sqft of living area, which is typical for the area, but it stands out with a generous 7,383 sqft lot—significantly larger than the city-wide average. This offers substantial outdoor space for gardening, recreation, or future expansion. The basement has been renovated, adding functional living space, and the property includes a detached garage.
The home’s assessed value is notably above average for the Crescent Park area, suggesting it is a solid, established property within its immediate community. It last sold in June 2023 for $400,000. This property would best suit buyers looking for a grounded, no-frills home in a quiet neighbourhood who prioritize land size over a large interior footprint. It’s ideal for those comfortable with a home of vintage character who see potential in the ample yard space or who value the stability of a property that compares favorably to its local peers in key metrics like lot size and assessment value.
Frequently Asked Questions
1. How does this home compare in size to others in Crescent Park?
The living area is slightly below the neighbourhood average. However, the lot size is significantly larger than most homes in Crescent Park and across Winnipeg, which is a defining feature of this property.
2. What does the "above average" assessed value for the area indicate?
An assessed value that ranks in the top 20% for Crescent Park generally suggests the property is considered more valuable than most in its immediate neighbourhood, often due to factors like lot size, condition, or improvements like the renovated basement.
3. Is a 1958-built home a concern?
The home is of a typical age for the area, even slightly newer than many Crescent Park properties. Buyers should focus on the condition of major systems (roof, wiring, plumbing) and the quality of the basement renovation, rather than the year alone.
4. What is the significance of having a detached garage?
A detached garage offers flexibility—it can be used for vehicle storage, a workshop, or extra storage without impacting the main home's layout. It may also present future opportunities, though it requires navigating snow in winter.
5. The home sold recently in 2023; what should I consider?
The recent sale indicates a stable, known market value. It’s worthwhile to investigate what, if any, updates were made by the current owners since their purchase and to understand their reason for selling after a relatively short period.