Property Overview
1042 McMillan Avenue is a character home in Winnipeg's established Crescentwood neighbourhood. Built in 1913, this two-and-a-half storey home offers 1,856 sqft of living space on a 4,009 sqft lot, with a detached garage and a renovated basement. Its appeal lies in its prime location within a sought-after area, combined with the charm and space of a historic property that has been updated in key areas. The home presents a balanced profile: its assessed value ranks above average for its street and city-wide, suggesting solid inherent value, while its living space is generous compared to the typical Winnipeg home. It suits buyers looking for a character-filled property in a mature neighbourhood who appreciate having a renovated basement for extra living space and are comfortable with the maintenance considerations of a century-old home.
A thoughtful perspective for potential buyers is to consider the lot size within the neighbourhood context. While the yard is a good size city-wide, it is below average for Crescentwood, which is known for larger estates. This positions the property as a more manageable entry point into the area, offering the prestige and location of Crescentwood with potentially less outdoor upkeep. Additionally, its above-average assessed value on a street of similar vintage homes indicates it may possess desirable features or updates that are recognized in its valuation.
Frequently Asked Questions
How does the home’s size compare to others in the area?
At 1,856 sqft, the living area is around the average for McMillan Avenue itself but is somewhat smaller than the broader Crescentwood average. City-wide, however, it offers more space than about 85% of Winnipeg homes.
What does the assessed value tell us?
The assessed value of $459,000 ranks above average both for the street and across Winnipeg, indicating the property is valued highly compared to many peers. In Crescentwood specifically, it sits around the neighbourhood average.
Is the lot size typical for Crescentwood?
The 4,009 sqft lot is below the neighbourhood average, where many properties are larger. This is a key differentiator, offering a more compact yard that requires less maintenance while still providing private outdoor space.
What are the implications of the home’s age?
Built in 1913, the home is full of character but comes with expectations for maintenance and potential updates. Its systems, windows, and insulation should be carefully evaluated, though the renovated basement is a positive modern update.
How recent was the sale, and does that matter?
The property sold in May 2024. A recent sale provides a clear, current market price point ($492,000), which is valuable for understanding its market value and for future assessment comparisons.