177 Yale Avenue

Property Overview

This is a substantial, historic home in Winnipeg's desirable Crescentwood neighbourhood. Built in 1906, the two-and-a-half-storey house sits on a large 6,511 sqft lot and offers over 3,000 sqft of living space. Its key appeal lies in its rarity and established character. The living area is in the top 1% citywide, offering a scale that is uncommon in today's market, while the lot size provides valuable outdoor space in a mature area. It features a detached garage and an unrenovated basement. The home last sold in February 2023.

Who It's For:
This property is best suited for a specific buyer. It appeals to those seeking a project-oriented home with great bones and historic charm, who value space and location over modern finishes. It's ideal for a family looking to put their own stamp on a character home over time, or an investor/renovator who sees the potential in its above-average proportions and prestigious Crescentwood address. The significant difference between its last sale price and its assessed value is a key point for discussion with a financial advisor.

Frequently Asked Questions

1. What does "basement, not renovated" typically mean for a home of this age?
It generally indicates original or older mechanical systems (like plumbing and electrical), along with unfinished or functionally outdated space. For a 1906 home, this suggests a significant project potential, but also a need for thorough inspection to understand the scope and condition of foundational elements.

2. The assessed value is significantly lower than the 2023 sale price. What does this indicate?
Municipal assessed value is for tax purposes and often lags behind market value, especially after a recent sale. The sale price is a clearer indicator of its current market worth. This discrepancy, however, highlights the importance of understanding future property tax implications based on the price you pay.

3. The home is "below average" for its year built. Is that a concern?
This ranking simply means it's older than most homes on its street, in Crescentwood, and in Winnipeg. For a character home buyer, this is a mark of its heritage and charm. The consideration is not the age itself, but the maintenance and updates it has received over its 120-year history.

4. Who would the detached garage be most useful for?
Beyond vehicle storage, it offers excellent potential for a workshop, studio, or additional storage—a valuable asset for hobbyists, home-based businesses, or families needing space for seasonal items. Its separation from the house is a plus for noise or dust-related activities.

5. The living area is in the top 1% citywide. What are the practical implications?
This means exceptional space for a growing or multi-generational family, dedicated home offices, or ample entertainment areas. The corresponding consideration is the cost to heat, maintain, and furnish such a large footprint, which should be factored into long-term budgeting.