Property Summary: 171 Yale Avenue, Crescentwood, Winnipeg
Key Characteristics & Appeal
This 1916 two-and-a-half storey home in the established Crescentwood neighbourhood offers a classic footprint with notable space. Its key appeal lies in its generous proportions relative to many Winnipeg homes, featuring over 2,000 square feet of living area and a large 6,528 sqft lot, both ranking well above the city-wide average. The property includes a detached garage and an unrenovated basement, presenting a canvas for customization.
Its value is grounded in a desirable location and a substantial lot. While the home itself is older than the city average, it fits the character of its historic street. The assessed value places it above average for the city, suggesting a solid foundation of perceived worth. This home would best suit a buyer looking for character and space over modern turn-key finishes—someone comfortable with a project, whether immediate or long-term, and who values the mature setting and potential of a classic Crescentwood property. It’s a home for those who see value in scale and location, with the understanding that updates may be part of the journey.
Frequently Asked Questions
1. What is the true size and scale of this property?
The home offers 2,018 sqft of living space, which is notably larger than the Winnipeg average. More significantly, the lot is 6,528 sqft, providing ample outdoor space that is a rarity closer to the city core.
2. How does the assessed value compare?
At $56,700, the assessment is above average for both its immediate street and the city as a whole, but around the middle range for the broader Crescentwood area. This indicates a well-regarded property that isn’t at the peak of the neighbourhood’s price spectrum.
3. What should I know about the condition?
The listing notes the basement is "not renovated." Buyers should budget for potential updates or repairs, common for a home of this age, and consider a thorough inspection to understand the scope of any work needed.
4. Is the price fair based on recent sales?
The home last sold in January 2023 for $500,000. This recent transaction provides a clear, modern benchmark for its market value, which should be a primary reference point for any offer.
5. Who are the most comparable neighbours?
Similar homes on Yale Avenue and nearby Harrow Street are its most direct comparables for lifestyle. For financial assessment value, similar properties are found in other neighbourhoods like Elmhurst and Varsity View, which may offer different types of homes at an equivalent city valuation.