Property Overview: 1052 Grosvenor Avenue, Crescentwood
Key Characteristics & Appeal
This home is a substantial two-and-a-half storey character property built in 1913, situated on a large 6,062 sqft lot in the established Crescentwood neighbourhood. Its primary appeal lies in its generous proportions and prime location. The 2,732 sqft living area is notably spacious, ranking within the top tier of homes city-wide, and is complemented by a renovated basement. A detached garage adds practical utility.
The property’s standout feature is its land value and established character. The lot size is above average for the prestigious Grosvenor Avenue streetscape, offering rare potential for outdoor space, gardens, or future expansion in a central area. While the home’s age suggests a need for respect for its heritage and potential updates to mechanical systems, it represents a solid opportunity in a sought-after location. This home would best suit a buyer looking for a character home with ample space, who values a large lot in a mature neighbourhood over a brand-new build, and is prepared to steward a property with over a century of history.
Frequently Asked Questions
What does the “Elite” ranking for Living Area mean?
It indicates the home’s interior square footage is in the top 2% of all residential properties in Winnipeg, making it exceptionally spacious compared to the typical city home.
Is the Assessed Value the same as the market sale price?
No. The provided assessed value is for taxation purposes. The home last sold in 2020 for $57,600, but current market value would be determined by recent comparable sales, condition, and market trends.
What are the implications of a home built in 1913?
Buyers should budget for and inspect period-appropriate systems like wiring, plumbing, and heating. However, this era also brings desirable character features, solid construction, and established neighbourhood charm that newer homes often lack.
How significant is the lot size?
At over 6,000 sqft, the lot is larger than most on Grosvenor Avenue and in Crescentwood. This is a key asset, providing more privacy, greenery, and flexibility than is typical for an inner-city property.
What does “renovated basement” typically imply here?
While the details aren’t specified, in a home of this age, a renovated basement often means it has been modernized for livable space (e.g., recreation room, office) and includes updated foundational elements like moisture control and insulation, adding valuable functional area to the home.