1176 Mcmillan Avenue

Property Overview & Appeal

This 1924 one-and-three-quarter storey home in Crescentwood is defined by its substantial 7,011 sqft lot, which places it in the top tier of properties on Mcmillan Avenue. The home itself offers a renovated basement and a detached garage. Its primary appeal lies in the rare combination of a large, established lot in a desirable neighbourhood with a home of manageable scale (1,894 sqft living area). This creates a unique value proposition: the space and prestige of a Crescentwood address without the upkeep of a much larger mansion. It would suit a buyer looking for character and land over sheer square footage—perhaps a downsizer seeking a premium location, a family valuing outdoor space, or an investor/renovator attracted by the underlying land value in a prime area. A thoughtful perspective is that while the living space is average for the immediate street, the lot size is exceptional, suggesting future potential for expansion or garden enjoyment that outstrips neighbouring properties.

Frequently Asked Questions

1. How does the lot size compare to others in the area?
The property’s 7,011 sqft lot is in the top 2% on Mcmillan Avenue and is significantly larger than the Crescentwood neighbourhood average, offering a rare amount of private outdoor space.

2. What is the significance of the "one-and-three-quarter storey" design?
This classic Winnipeg architectural style typically features a main floor, a second floor with sloped ceilings (dormers), and often a finished attic space. It adds character but may have unique room shapes compared to a full two-storey.

3. The assessed value seems low compared to the sale price from 2017. Why?
Municipal assessed value for tax purposes often lags behind market value and uses a different calculation method. The 2017 sale price of $399,000 is a more concrete historical market data point.

4. Is the living space small for the neighbourhood?
At 1,894 sqft, the living area is around average for Mcmillan Avenue but below the broader Crescentwood average. This indicates the home is likely more compact and efficient than some larger estates in the area, focusing value on the land.

5. What does the ranking data for "Year Built" tell us?
While the home is older than the Winnipeg city average, it is actually newer than many homes on its own street. This suggests it is situated among other well-established, character homes, not as an outlier.