Property Overview: 973 Crescent Drive, Winnipeg
Key Characteristics & Appeal
This is a modest, one-storey home built in 1953, situated on a generous 6,750 sqft lot in Crescent Park. With 1,040 sqft of living space, no basement, and no garage, it presents as a straightforward, low-maintenance property. Its primary appeal lies in its value proposition and lot size. The home's assessed value is notably below average for its immediate area, suggesting a potential entry point into the neighbourhood. While the living space is compact, the lot is larger than the citywide average, offering valuable outdoor space or future expansion potential in a mature community.
This property would best suit first-time buyers, downsizers, or value-focused investors seeking a foothold in an established area without a premium price tag. It appeals to those who prioritize land over a large interior or who are comfortable with a home that may require updates. The lack of a basement or garage means it's less suited for those needing significant storage or workshop space, but ideal for someone wanting a simple, single-level layout.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value is significantly below the average for both Crescent Drive and the broader Crescent Park area. This typically reflects the home's smaller size, older age, and simpler features compared to neighbours, and may indicate it has not been substantially renovated.
2. What are the implications of having no basement?
The absence of a basement limits storage and utility space, and means all mechanical systems (furnace, water heater) are on the main floor. It can be a benefit for those seeking to avoid basement moisture issues or who prefer single-level living, but it removes the potential for a below-ground rec room or suite.
3. Is the large lot a major advantage?
Yes, especially citywide. The lot is above average in size for Winnipeg, offering more private outdoor space than many properties. For the right buyer, this presents opportunities for gardening, adding a garage or shed, or even future expansion, subject to zoning.
4. How does the 2016 sale price relate to today's value?
The $210,000 sale price from 2016 is a historical data point. Current market value will be influenced by factors since then, including market trends, property condition changes, and recent area sales. It should not be used as a direct indicator of today's price.
5. Who might this property not suit?
It may not suit families needing multiple bedrooms or separate living areas, hobbyists or workers requiring a garage or workshop, or buyers who want a move-in-ready home with modern finishes and no immediate projects. The compact, single-level layout requires efficient use of space.