1094 Mcmillan Avenue

Property Overview: 1094 Mcmillan Avenue, Crescentwood, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey character home, built in 1924, sits on a generous and above-average lot for its street in the desirable Crescentwood neighborhood. Its key appeal lies in the combination of a prime location and a relatively accessible price point for the area, as reflected in its below-average assessed value for Crescentwood. The home itself is compact at 980 sq ft, with a renovated basement, and features a detached garage.

The property is ideally suited for specific buyer profiles. First, it’s a potential entry point into a prestigious neighborhood for a first-time buyer or a downsizer seeking single-level living without leaving a sought-after community. Second, it appeals to the value-conscious buyer who prioritizes land size and location over square footage, seeing the lot as a long-term asset. A less obvious perspective is its suitability for a buyer with a vision for expansion or renovation; the solid lot size and the established character of the home provide a foundation for future upgrades, offering a way to craft a personalized home in a location where larger, turn-key properties command a significant premium.

Section 2: Frequently Asked Questions

1. How does the home’s size compare to others in the area?
At 980 sq ft of living area, this home is significantly smaller than the average for both its street and the broader Crescentwood area, placing it in the top 7% smallest homes locally. This is a key factor in its pricing.

2. Is the assessed value a reliable indicator of the likely sale price?
The assessed value is a municipal tool for taxation, not a market appraisal. Notably, this home’s assessed value is below the Crescentwood average but closer to the city-wide average. The last known sale was in 2017 for $293,000. A current market evaluation is essential.

3. What does the “above-average” land ranking mean?
The lot size of 4,851 sq ft is larger than most on Mcmillan Avenue (ranking in the top 25%). This is a standout feature, offering more outdoor space than many neighboring properties, which is uncommon for a home of this size in the neighborhood.

4. The home is over 100 years old. What should I consider?
While the basement is noted as renovated, the core structure is from 1924. Prospective buyers should budget for a thorough inspection to understand the condition of major aged components like the foundation, plumbing, electrical, and roof, which are typical focal points for heritage-era homes.

5. Who are the most likely competing buyers?
Given its profile, competition would most likely come from other buyers seeking a foothold in Crescentwood—primarily first-time buyers able to see past the need for updates, or practical downsizers from within the neighborhood itself who value the location and single-level layout over a large interior.