Property Overview
This 1952 one-storey home in Crescentwood offers a distinct blend of established neighbourhood charm and practical potential. Its key appeal lies in a generous, well-sized lot that is notably larger than most on its street, providing valuable outdoor space and future possibilities. The home itself, with 1,188 sqft of living space and a renovated basement, is more compact than many in the immediate area but presents a manageable footprint. With an assessed value that is strong citywide, it represents a solid entry point into a desirable area. This property would suit a first-time buyer or downsizer seeking a lower-maintenance home in a prime location, or an investor/renovator who values the underlying asset of a large lot in a mature neighbourhood.
Key Details & FAQs
Key Characteristics:
- Structure: A one-storey house with a detached garage and a renovated basement.
- Lot: A significant feature at over 6,000 sqft, placing it in the top 4% for size on Dorchester Avenue.
- Size & Value: The living area is modest for Crescentwood but near the city average. Its assessed value of $450k is above the Winnipeg average, yet positioned within the mid-range for this specific street.
- Context: The home is newer than most in this historic area, but its true standout is the land. It last sold for $330k in early 2018.
Ideal For:
Buyers who prioritize location and land size over square footage will find the most value here. It’s a practical choice for those wanting to get into Crescentwood without the scale or price of its larger heritage homes, and the lot size offers a tangible asset for gardening, expansion, or simply enjoying more private outdoor space than the neighbours.
Frequently Asked Questions
1. Is the house small for the neighbourhood?
Yes, comparatively. At 1,188 sqft, the living area is below the average for both Dorchester Avenue and the broader Crescentwood area. This is reflected in its pricing and represents an opportunity for buyers seeking the location without the upkeep of a much larger home.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key point to clarify with the selling agent to understand if it’s a finished living space, a modernized utility area, or something in between.
3. Why is the assessed value higher than the last sale price?
The home last sold in January 2018 for $330,000. The current $450,000 assessment reflects the municipal valuation for tax purposes, which considers market trends and improvements. It does not dictate sale price, but indicates a significant increase in perceived value over the last six years.
4. How does the lot size compare?
The lot is a major advantage. At 6,069 sqft, it is significantly larger than the average lot on Dorchester Avenue (4,742 sqft) and above the city average. This is a less obvious perk that adds long-term value and utility.
5. What is the neighbourhood like?
Crescentwood is a established, sought-after area known for its tree-lined streets, character homes, and proximity to amenities like parks, the Assiniboine River, and Corydon Avenue. This home offers access to that lifestyle, albeit in a more modest and contemporary structure than many of the area's grander historic homes.