Property Overview: 939 Crane Avenue, Crescent Park, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Crescent Park is a practical and grounded offering, built in 1954 with 975 sqft of living space. Its key appeal lies in its balance of a renovated basement, a detached garage, and a notably generous lot of nearly 6,000 sqft—a size that stands out positively on its own street. The data suggests a home that is modest in size compared to many in the wider area but sits on a land parcel that offers valuable outdoor space and potential.
The property would suit first-time buyers or downsizers looking for a manageable, single-level layout in an established neighborhood. Its below-average living area but around-average assessed value for the immediate area indicates it may be priced accessibly for the crescent, appealing to those seeking entry into the community. The renovated basement adds functional living space, making it a pragmatic choice for those who value usable square footage over original architectural grandeur. The large lot is a significant asset for anyone with gardening interests, pets, or future expansion ideas, providing a sense of space that can be hard to find in similarly priced homes.
Section 2: Frequently Asked Questions
1. How does the home's size compare to others in the area?
At 975 sqft, the living area is below the average for both Crescent Park and Winnipeg overall. This makes for a more compact and efficient floor plan, which can be a benefit for lower utility costs and easier maintenance.
2. What is the significance of the lot size?
The lot of 5,994 sqft is a standout feature. It is larger than most on Crane Avenue and provides substantial outdoor space, which is a valuable and less replaceable asset than interior square footage in an established neighborhood.
3. The home was last sold in 2020. What does that recent sale history indicate?
It sold for $300,000 in December 2020. This recent transaction provides a clear, modern benchmark for market value, offering a solid reference point for understanding the property's price trajectory.
4. Is the assessed value a reliable indicator of the listing price?
The municipal assessed value is $38,700, which is very different from the 2020 sale price. It's important to understand that assessed value is for tax purposes and does not reflect market value. The sale price history is a far more relevant metric for buyers.
5. What does the "below average" living area ranking mean for a buyer?
While the home ranks below average in size for the city, it ranks higher (86th percentile) on its own street. This suggests the character of Crane Avenue includes more modestly sized homes, so the property is typical for its immediate surroundings, potentially offering a more cohesive and affordable streetscape.