Property Overview: 1255 Corydon Avenue, Crescentwood, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1950, sits on a mature 4,722 sqft lot in the desirable Crescentwood neighbourhood. With 1,459 sqft of living space and a renovated basement, it offers a practical footprint. Its key appeal lies in its strong positional value: located directly on Corydon Avenue, it provides immediate access to the area's renowned shops, cafes, and amenities. The detached garage adds functional convenience.
The home presents a compelling opportunity for specific buyers. It suits a first-time buyer or downsizer seeking a lower-maintenance property in a prime, walkable location without the scale of a larger estate. It also appeals to an investor or renovator who values the lot and location, seeing potential in the solid, above-average assessed value for the street. A thoughtful perspective is that while the home's size is below average for the Crescentwood area, this translates to a relatively accessible entry point into a prestigious neighbourhood, offering the lifestyle benefits without the premium for square footage.
Frequently Asked Questions
1. How does the home’s size compare to the area?
While its living area is above average for Corydon Avenue itself, it is notably smaller than the typical Crescentwood home. This is a defining characteristic, offering a more manageable space in a high-demand location.
2. What does the assessed value indicate?
The assessed value is above average for the immediate street but below average for Crescentwood as a whole. This suggests the property is valued more for its specific location on Corydon and its lot than for the size of the home, aligning with its character as a prime-location, moderate-size house.
3. Is the 1950 build date a concern?
The year built is newer than most homes in Crescentwood, which generally features older housing stock. This could imply fewer immediate heritage-related considerations or updates compared to some neighbourhood peers, though a full inspection is always recommended.
4. What is the significance of the recent 2023 sale?
The property sold in August 2023 for $36.5k. This very recent transaction provides a clear, current benchmark for its market value, which appears closely aligned with its assessed value.
5. Who might the nearby comparable properties be for?
The listed nearby properties with similar assessed values are primarily in Elmhurst, a different neighbourhood. This is useful for buyers comparing value across the city, but the primary comparison should be with other Crescentwood properties to understand the location premium.