Property Overview
This is a substantial, century-old home on a large lot in Winnipeg's desirable Crescentwood neighbourhood. Its primary appeal lies in the combination of a prime location on Corydon Avenue and an unusually generous amount of living space for the area. The home is not a typical renovation project; it is a property with significant scale and established value, as evidenced by its elite-tier assessed value ranking both on its street and city-wide.
Key Characteristics & Suitability
The home's key characteristic is its impressive size, featuring over 2,500 sqft of living space, which ranks in the top 3% compared to other homes on Corydon Avenue. It sits on a 6,052 sqft lot, providing ample outdoor space in a mature, established area. Built in 1911, it offers classic two-and-a-half-storey architecture and includes a renovated basement. Notably, it does not have a garage.
Its appeal is multifaceted. For some, it will be the rare opportunity to own a large, character home on a major, well-located avenue. For others, the value is in the land itself—a large, developable lot in a central neighbourhood. The consistently elite assessed and recent sale prices indicate it is seen as a premium asset.
This property would best suit a buyer who values space and location over modern conveniences like a garage or a newer build. It could be a fit for a family seeking character and room to grow, an investor or developer who recognizes the long-term value of the land, or a buyer looking for a home with a strong and demonstrable history of holding its value in a competitive market segment.
Frequently Asked Questions
1. Why is the assessed value so high compared to the year built?
The assessed value reflects both the substantial size of the home and, significantly, the premium value of its large lot in the Crescentwood location. It ranks highly because it is considered a substantial asset, not just a structure.
2. What does "renovated basement" imply?
While specific details aren't provided, this indicates the basement has been updated to a finished or livable standard. A prospective buyer should inquire about the scope, permits, and the nature of the renovations (e.g., moisture control, ceiling height, egress).
3. What are the considerations of not having a garage on Corydon Avenue?
Parking will be limited to street parking or potentially a driveway. This is a key practical consideration for vehicle storage and daily convenience, especially on a busy avenue, and may factor into future renovation or addition plans.
4. The home is over 110 years old. What should I be prepared for?
While it offers classic charm and solid construction, buyers should budget for and expect maintenance consistent with its age. This includes potential updates to systems like plumbing, electrical, or the roof, and an inspection is crucial to understand the home's current condition.
5. The lot size is noted as "above average." What are the potential benefits?
Beyond generous yard space, the large lot offers flexibility. It provides privacy from neighbours, room for additions like a garage or garden suite (subject to zoning), and contributes significantly to the property's long-term investment value due to the scarcity of such lots in central neighbourhoods.