Property Overview
This is a substantial and historic property on a large lot in the desirable Crescentwood neighbourhood. Its primary appeal lies in the combination of generous space, a prime location, and modern updates within a classic home. The data indicates it stands out significantly from average properties, particularly in terms of lot size, living area, and value.
Key Characteristics & Ideal Buyer
This nearly 120-year-old, two-and-a-half storey home sits on a lot that is larger than most in the area (over 7,200 sq ft), offering rare outdoor space for the neighbourhood. With over 3,500 sq ft of renovated living space, a renovated basement, an attached garage, and a pool, it provides ample room for living and entertainment. Its assessed value places it in the top 1% of homes citywide, reflecting its premium status.
The home suits buyers looking for a legacy property with character, space, and established prestige. It would appeal to a family seeking a long-term home in a central, tree-lined area, or to a buyer who appreciates historic architecture but desires modern conveniences. The very high assessed value and recent sale price suggest it is positioned for a luxury market segment. A thoughtful perspective is that while the 1906 build date is a mark of character, it inherently means a commitment to the maintenance and care typical of a century home, which is a key consideration behind its grandeur.
Frequently Asked Questions
What does the "Elite" ranking for Living Area mean?
It means the home's interior square footage is in the top 1-5% compared to similar properties citywide and on its street. With over 3,500 sq ft, it offers significantly more space than the average Winnipeg home.
Is the pool a common feature for this area?
No, a private pool is a notable luxury addition for a home in Crescentwood and is not a standard feature, enhancing its unique appeal for outdoor recreation.
The home was built in 1906. What should I consider?
While the home has been renovated, a property of this age requires a thorough inspection. Prospective buyers should budget for ongoing maintenance consistent with a historic home and inquire about the scope and dates of the mentioned renovations.
Why is there such a large difference between the 2017 and 2021 sale prices?
The 2017 sale likely represented a value prior to a significant renovation or modernization. The jump to $1.64M in 2021 reflects the completed renovations and the strong premium for updated, large properties in the current market.
How does the lot size compare to nearby properties?
At over 7,200 sq ft, the lot is in the top 13% on Yale Avenue. It is substantially larger than the average lot for the street (approx. 5,400 sq ft), providing exceptional yard space for the neighbourhood.