812 Holly Avenue

Property Overview

812 Holly Avenue is a well-situated, one-storey home in Winnipeg's Crescent Park neighbourhood. Built in 1957, it sits on a generous 6,236 sqft lot, which is above average in size citywide. The home itself is modest in living space at 1,005 sqft but benefits from a renovated basement and a detached garage. Its last sale was in September 2022 for $420,000, with a current assessed value of $400,000. The appeal here is grounded in a solid lot in an established area, with the key interior work of a basement renovation already completed. It suits a first-time buyer, an investor, or someone looking to downsize into a manageable footprint without sacrificing outdoor space. A thoughtful perspective is that while the living area is below average for the area, this can represent an opportunity to customize and expand over time, with the valuable lot size providing the flexibility to do so.

Key Details & FAQs

Key Characteristics, Appeal & Ideal Buyer
This property’s strength lies in its combination of a prime lot and move-in readiness for its core functions. The lot size is a standout feature, offering ample outdoor space that is increasingly rare citywide. The renovated basement adds valuable finished space, effectively increasing the usable living area beyond the main floor square footage. Its appeal is for the practical buyer who values land and location over a large existing footprint. It would suit a first-time homebuyer ready to enter the Crescent Park area, a downsizer seeking a manageable single-level home with a private yard, or an investor looking for a property with solid fundamentals and future potential in a stable neighbourhood.

Frequently Asked Questions

1. How does the lot size compare to others?
The 6,236 sqft lot is above average compared to the rest of Winnipeg, placing it in the top 26% citywide. Within Crescent Park and on Holly Avenue specifically, it is more typical, ranking around the average for those immediate areas.

2. Is the house particularly small?
Yes, the 1,005 sqft of living area is below average for both the street and the broader Crescent Park neighbourhood. This indicates a compact main floor layout, which is why the renovated basement is a significant asset, providing additional finished space.

3. What does the "renovated basement" likely include?
While specific finishes aren't listed, a "renovated basement" typically means it has been finished into a livable space, which may include areas such as a family room, bedroom, or office, and would have proper flooring, walls, and ceiling.

4. Has the property value increased since the last purchase?
The home sold for $420,000 in September 2022 and is currently assessed at $400,000. It's important to note that assessed value is for tax purposes and the sale price is determined by the current market; a professional appraisal or market analysis would be needed to determine precise current value.

5. What is the neighbourhood like for a home built in 1957?
Crescent Park is an established, mature neighbourhood. A 1957 build date is actually above average (newer) for this specific area, placing it in the top 15% of homes in Crescent Park by age, suggesting it is among the newer homes in a well-settled community.