Property Overview
6 Oriole Street is a one-storey home in Winnipeg's Crescent Park neighbourhood, built in 1956. Its key appeal lies in its balance of a generous, above-average city lot with a recently renovated basement, offering a solid foundation for both immediate living and future potential. The home itself is modest in size at 1,076 sqft, positioning it as a manageable and efficient space. With a detached garage and no pool, it presents a low-maintenance profile. The property would suit first-time buyers seeking an entry into a stable neighbourhood, value-conscious investors looking for a property with a renovated element and land value, or downsizers who appreciate a single-level layout and a yard that is sizable but not overwhelming. A thoughtful perspective is that while the living space is below average for the immediate area, the lot size is a significant asset city-wide, suggesting the property's long-term value may be more in its land than its current footprint.
Frequently Asked Questions
Q: How does the lot size compare to others?
A: The 6,179 sqft lot is above average compared to the rest of Winnipeg, placing it in the top 27% city-wide. It is, however, closer to the average for the Crescent Park neighbourhood itself.
Q: Has the home been updated recently?
A: The basement has been renovated. The main living areas of the 1956 home retain their original character, offering a blank canvas for personal updates over time.
Q: What is the neighbourhood like?
A: Crescent Park is a mature, established neighbourhood. The property rankings indicate homes here are generally on larger lots and are older than the Winnipeg average, suggesting a quiet, settled community feel.
Q: How was the assessed value determined?
A: The $40,100 assessment is around the average for the street, neighbourhood, and city. It's important to note the recent sale price of $43,500 (August 2024), which provides a more current market valuation.
Q: Is this a good investment?
A: The combination of a renovated basement, a desirable lot size, and a sale price close to its assessment suggests a fair market entry. Its value proposition is grounded in land potential and livability rather than high-end finishes, making it a pragmatic rather than speculative investment.