Property Overview & Appeal
This 1913 two-and-a-half storey home in Crescentwood offers a blend of historic charm and modern updates on a generous lot. Its key appeal lies in its established, high-ranking neighbourhood and a recently renovated basement, adding valuable finished space to the 1,570 sqft living area. The property sits on a lot that is larger than most in Winnipeg, providing rare outdoor space for the area. It would particularly suit buyers looking for a character home in one of the city's most desirable neighbourhoods, who are willing to embrace the upkeep of a century-old structure but appreciate some modernized elements. A thoughtful perspective is that while the home itself is of average size for the street, the significant lot size offers future potential for expansion or landscaping that many newer properties in the area cannot match. Its recent sale history suggests it has been seen as a solid investment within the crescentwood community.
Frequently Asked Questions
1. What does the "renovated basement" likely include?
While specifics aren't listed, a renovated basement in a home of this era typically means it has been finished into a livable space, possibly with proper flooring, walls, and ceilings. It's important to verify the quality of the renovation, the ceiling height, and whether any moisture issues common in older foundations have been addressed.
2. How does the lack of a garage affect daily life and value here?
Many character homes in central neighbourhoods like Crescentwood lack garages. While off-street parking may be available, buyers should anticipate street parking. This can be a trade-off for the location and lot size, and the value impact is often mitigated by the neighbourhood's overall desirability.
3. The home is over 110 years old. What should I be prepared for?
Owning a historic home requires a mindset for maintenance. Prospective buyers should budget for potential updates to original systems like plumbing or wiring, and consider a thorough inspection focusing on the foundation, roof, and insulation to understand the home's true condition.
4. The assessed value is lower than the last sale price. What does this mean?
Municipal assessed value is for tax purposes and often lags behind the market. The fact that it sold for significantly more than its current assessment suggests the market values the property's location, lot, and condition more highly than the tax roll indicates, which is common in sought-after areas.
5. The living area is noted as "average" for the street, but the lot is large. How does this balance out?
This configuration is typical of older neighbourhoods: the house footprint is modest, leaving considerable yard space. This is a major benefit for privacy, gardening, or outdoor living, and it's a feature that is increasingly rare and valuable in mature, central communities.