766 Crescent Drive

Property Overview & Key Characteristics

766 Crescent Drive is a residential property in Winnipeg's Crescent Park neighbourhood. Its primary appeal lies in its exceptionally well-maintained and updated condition relative to its peers, rather than sheer size alone. The data indicates the home is "Elite" in its rankings for Year Built and Living Area, meaning it is significantly newer and offers more interior space than the vast majority of comparable homes on its street, in the area, and across the entire city. With a land area that is above average for the city and an assessed value that sits above average for the neighbourhood, it presents a balanced proposition of modern living space on a solid lot.

This home would likely suit buyers looking for a move-in-ready property that has already undergone significant updates, as suggested by its modern rankings. It's ideal for those who value being in a well-established neighbourhood like Crescent Park but want the benefits of a more contemporary home without needing to build new. It may also appeal to value-conscious buyers who understand that a higher assessed value relative to area averages can sometimes reflect recent, quality improvements.

Frequently Asked Questions

1. What do the "Elite" rankings for Year Built and Living Area actually mean?
It means this home is newer and has more interior square footage than over 99% of comparable properties citywide. This is unusual for the area and suggests the home has been substantially rebuilt or renovated.

2. Is the land size a pro or a con?
The 7,500 sqft lot is above the city average but closer to the average for Crescent Park. It offers ample suburban space without the extensive maintenance of a much larger lot, striking a practical balance.

3. Who determines the "comparable homes" group?
The rankings are generated by comparing this property to a peer group with similar core characteristics, likely based on property type and neighbourhood. This provides context against the most relevant competitors, not just all homes.

4. The assessed value is above area averages. Is that good?
It can be a double-edged sword. It often reflects desirable improvements and condition, justifying a higher market price. However, it also typically correlates with higher property taxes.

5. What's not included in this data that I should investigate?
This data covers land, living area, age, and value. Crucial factors like interior layout, number of bedrooms/bathrooms, roof and mechanical system ages, interior finish quality, and the specific nature of renovations are not detailed here and require a viewing or disclosure review.