Property Overview: 125 Yale Avenue, Crescentwood, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in the established Crescentwood neighbourhood is defined by its generous, private lot and historic character. Its primary appeal lies in its exceptional 10,284 sqft land area, which ranks in the top 5% on its street, offering rare potential for gardens, expansion, or simply ample outdoor space in a prime area. The living space (1,968 sqft) is comfortably above average for the city, and the home features a renovated basement.
Built in 1905, this is one of the older homes in the area, which will suit a specific buyer. It appeals to those who value architectural history, mature landscapes, and the established feel of a classic Winnipeg neighbourhood over a brand-new build. The property is ideal for a buyer looking for a project—someone ready to steward a character home, potentially modernizing the interior while preserving its essence, and who sees tremendous value in the irreplaceable lot size. It’s less suited for those seeking a turnkey, modern home without any need for updates.
Section 2: Frequently Asked Questions
1. What does the assessed value mean for the likely selling price?
The assessed value is for tax purposes and is often different from market value. The last known sale was in 2017 for $42.5k, but current market conditions, the home’s condition, and its unique lot size will be the primary drivers of the listing price.
2. How significant is the lot size?
Very. At over 10,000 sqft, the lot is a standout feature, especially in this neighbourhood. It provides a level of privacy and space uncommon for inner-city living, which is a major long-term value proposition.
3. What should I consider with a home from 1905?
While full of character, a home of this age requires a careful inspection. Prospective buyers should budget for potential updates to systems like wiring and plumbing, and consider the energy efficiency of the original structure. The renovated basement is a positive modern update.
4. Is the detached garage a drawback?
This depends on personal preference. A detached garage offers flexibility for use as a workshop or studio separate from the house but means facing the elements when going between your car and home.
5. How does this home compare to others in Crescentwood?
The home’s living area is about average for Crescentwood, but its lot size is well above average (top 11% in the area). It’s also notably older than most area homes. This positions it as a property where the land is a more significant component of its value than the building itself compared to newer constructions in the neighbourhood.