Property Overview: 1064 Grosvenor Avenue, Crescentwood
Key Characteristics & Appeal
This is a classic two-and-a-half storey home built in 1913, situated on a generous 6,065 sqft lot in the established Crescentwood neighbourhood. Its primary appeal lies in its substantial scale and land value. With over 2,500 sqft of living space, the home offers significantly more room than the average Winnipeg house, placing it in the top 3% citywide for interior space. The lot size is also notably above average for its street and the city, offering potential for gardens, expansion, or simply enjoying a greater sense of space in a central location.
The property suits buyers who value character, space, and location over turn-key condition. It’s an ideal project for a homeowner looking to gradually restore or renovate a solid, spacious older home to their own taste, as the basement is noted as unrenovated. It also presents a compelling opportunity for investors or builders focused on land value in a desirable area, where the existing structure provides options for a significant renovation or future redevelopment. A less obvious perspective is its appeal to multi-generational families or those needing dedicated work-from-home spaces, as the ample square footage and traditional layout can accommodate separate living areas more easily than many modern homes.
Frequently Asked Questions
1. What does “basement, not renovated” imply?
It indicates the basement is in original or utilitarian condition, likely lacking finished living spaces. Buyers should budget for updates to plumbing, electrical, or insulation if planning to develop it, but it also represents a blank canvas.
2. How does the assessed value relate to the likely sale price?
The assessed value is for municipal tax purposes. The last recorded sale was in 2017 for $378,000. In a desirable area like Crescentwood, the current market price for a home of this size and lot will be significantly influenced by recent neighbourhood sales, condition, and market demand, not the assessment.
3. Is the lack of a garage a major drawback?
For this property type and neighbourhood, it’s common. The large lot does offer potential for adding a garage or carport, subject to local bylaws. The trade-off is the premium lot size and character of an older home.
4. What are the advantages of a 1913 build?
You can expect solid construction, high ceilings, traditional architectural details, and a well-established neighbourhood feel. The consideration is ensuring updates to wiring, plumbing, and insulation meet modern standards.
5. How does this home rank for living space compared to others?
This is its standout feature. While its size is typical for Crescentwood and Grosvenor Avenue, it is in the elite tier (top 3%) for living area compared to the entire Winnipeg market, making it unusually spacious for a city property.