Property Overview
This 1.5-storey home, built in 1949, sits on a generous 5,457 sqft lot on Corydon Avenue in the established Crescentwood neighbourhood. With 1,240 sqft of living space, a renovated basement, and a detached garage, it presents a classic Winnipeg character home profile. Its appeal lies in its prime location on a major avenue and its above-average lot size for the immediate area, offering more outdoor space than many neighbouring properties. The home last sold in 2017 for $290,000, and its current assessed value is $37,300.
This property would suit a buyer looking for a solid entry point into a desirable, central neighbourhood, who values location and land size over a large interior footprint. It’s well-suited for a small household, a first-time buyer comfortable with a home of this vintage, or an investor seeking a character property with redevelopment potential given the lot dimensions. The data suggests it’s a more modestly-sized home within a neighbourhood of generally larger, higher-value properties, offering a relative value opportunity.
Key Questions & Considerations
What does the assessed value versus the last sale price indicate?
The assessed value ($37,300) is for taxation purposes and is not a market valuation. The 2017 sale price of $290,000 is a historical market data point. Current market value would be determined by recent sales of comparable properties, condition, and market trends.
How does the living area compare to the neighbourhood?
At 1,240 sqft, the living area is notably below the Crescentwood neighbourhood average (which is over 2,350 sqft). This confirms the home is one of the more compact options in the area, focusing its value on location and lot rather than interior square footage.
Is the lot size a significant feature?
Yes. The lot is in the top 24% for size on Corydon Avenue itself, meaning it’s larger than most on its street. This could allow for expanded gardens, outdoor living space, or future additions, subject to zoning.
What is implied by the “renovated basement”?
While a positive, the term “renovated” is broad. Buyers should investigate the scope, quality, permits, and whether it includes legal secondary suites or simply finished living space, as this significantly impacts value and utility.
How should the “below average” sale price ranking be interpreted?
The data shows the 2017 sale price was below average for both the street and neighbourhood. This typically reflects the home’s smaller size and potentially its condition at that time compared to larger, more updated homes in Crescentwood. It highlights this property’s role as a relatively accessible option within the area.