Property Overview: 1169 Grosvenor Avenue, Crescentwood, Winnipeg
Key Characteristics & Buyer Profile
This is a substantial, character home in the established Crescentwood neighbourhood. Built in 1913, the 2.5-storey residence sits on a 6,060 sqft lot and offers significant living space of 3,640 sqft, placing it in the top tier of homes locally and city-wide for size. The home features a renovated basement and a detached garage. Its appeal lies in the combination of historic charm, above-average scale, and a prime location on a tree-lined avenue. The data indicates a strong trajectory, with the sale price increasing significantly from 2016 to 2024, reflecting the property’s desirability and the area’s enduring value.
This home would best suit buyers looking for a legacy property with room to grow, who appreciate architectural character and are not deterred by the maintenance considerations of a century-old structure. It’s ideal for a family seeking space and established roots in one of Winnipeg’s most sought-after neighbourhoods, close to parks, the river, and quality schools. The buyer should be one who values statistical rarity—owning a home that ranks in the top 1-2% of the city for living area is a unique proposition that transcends typical neighbourhood comparisons.
Frequently Asked Questions
1. How does the assessed value relate to the recent sale price?
The assessed value is significantly lower than the 2024 sale price, which is common for older, character homes in high-demand areas. The assessment is used for calculating property taxes and often lags behind the current market value, which is determined by recent comparable sales and buyer demand.
2. What does the "renovated basement" entail?
The listing notes a renovated basement, but specifics on the finish quality, ceiling height, legal egress, and permitted use (e.g., recreational space, in-law suite) are not provided. This would be a key point for your inspector and for discussions with the seller to understand the scope and quality of the work.
3. Are there any concerns with a home built in 1913?
While offering immense character, a 113-year-old home requires diligent attention. Prospective buyers should prioritize a thorough inspection focusing on the foundation, original wiring and plumbing updates, insulation, and the roof. The charm comes with the responsibility of ongoing stewardship.
4. The lot size is noted as "around average" for Crescentwood. Is that a drawback?
Not at all. At over 6,000 sqft, the lot is still very generous. The "average" ranking within Crescentwood simply reflects that the neighbourhood itself is known for larger, mature lots. This lot size provides ample outdoor space while being manageable.
5. The home ranks highly for size but closer to average for year built. What does that mean?
This highlights a key feature: it’s a historically significant home that hasn’t been downsized or subdivided. You are getting the full, original footprint of a grand property from its era, which is increasingly rare. The value is in the preserved scale, not in modern construction.