Property Overview
1131 Corydon Avenue is a classic two-storey home built in 1945, situated on a generous 4,842 sqft lot in Winnipeg's established Crescentwood neighbourhood. The home features a renovated basement and a detached garage. With 1,248 sqft of living space, it presents a more compact footprint compared to many larger homes in the area, but its recent sale price of $340k aligns closely with average values for similar properties on Corydon Avenue and citywide.
Key Characteristics & Appeal
The primary appeal of this property lies in its location and lot size. It offers a substantial, established lot in a desirable neighbourhood, providing a balance of urban convenience and private outdoor space. The home itself is modest in scale, which may appeal to downsizers, first-time buyers, or those seeking a lower-maintenance property without sacrificing location. The renovated basement adds functional living space. Its assessed value is significantly below the neighbourhood average, suggesting it represents a more accessible entry point into Crescentwood. This property would suit value-conscious buyers who prioritize land and location over a large interior, or those looking for a home with solid fundamentals that they can personalize over time.
Frequently Asked Questions
1. How does the property compare to others in Crescentwood?
While on a full-sized lot, the home's living area and assessed value are below the neighbourhood averages. This indicates it's one of the more modestly-sized and priced homes in the area, often appealing to buyers seeking the location without the premium for a larger house.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope or finish. A professional inspection is recommended to understand the quality of the renovation, its compliance with permits, and its suitability for your needs.
3. Is the detached garage a standard size?
The listing does not provide garage dimensions. Given the home's vintage and the lot width, the garage is likely a standard single-car size. Viewing the property is the best way to confirm if it meets your storage or vehicle needs.
4. The home was built in 1945. What should I be aware of?
As an 80-year-old home, potential buyers should budget for and investigate age-related systems. An inspection is crucial to assess the condition of the roof, wiring, plumbing, and foundation. The renovated basement should be checked for proper moisture management.
5. Why is there a difference between the assessed value and sale price?
The assessed value ($320k) is for municipal tax purposes and often lags behind the market. The recent sale price of $340k is a clearer reflection of current market value, showing it sold for a modest premium over its assessment.