Property Overview
This 1,000 sqft condo at 1-1 Ruskin Row is a character-filled unit in Winnipeg’s desirable Crescentwood neighbourhood. Built in 1926, it offers above-average space for a Ruskin Row property and carries a relatively low assessed value compared to many citywide properties. Its appeal lies in offering a foothold in a prestigious, tree-lined area, likely at a more accessible price point than a single-family home in the same locale. The unit features a renovated basement, adding functional space.
It would suit a buyer seeking character and location over modern construction, possibly a first-time buyer or downsizer who values walkable, established communities. The data suggests it’s a competitively sized unit on its own row and within the city, but it’s notably older than most homes in Crescentwood and Winnipeg overall—a trade-off for its charm and neighbourhood.
Key Details & Questions
What are the specifics of the living space?
The condo is 1,000 square feet, which is above average for other units on Ruskin Row and very close to the average condo size citywide. It includes a renovated basement.
How does its value compare?
With an assessed value of $32,300, it ranks above average citywide and on its street, but is around the middle range for the Crescentwood area specifically. It last sold for $280,000 in February 2021.
What should I know about the building’s age?
Built in 1926, the building is 100 years old. This makes it older than roughly 78% of properties in Crescentwood and 96% of properties across Winnipeg, indicating significant heritage character but also a need for thorough due diligence on the building’s structure, systems, and condo reserve fund.
Who might this property appeal to most?
It’s ideal for a buyer who prioritizes neighbourhood and space within a budget over a new build. It could be a strategic entry into Crescentwood for those comfortable with the maintenance nuances of a century-old building.
What is the neighbourhood like?
Crescentwood is a central, prestigious, and walkable neighbourhood known for its historic homes, mature trees, and proximity to the Assiniboine River, parks, and Wellington Crescent. This property offers a way to live in that environment in a condo format.