Property Overview
This is a 1,535 sqft property built in 1919, located at 2-228 Academy Road in Winnipeg's established Crescentwood neighbourhood. It last sold in December 2022 for $34,500. The home has no basement, pool, or garage.
Key Characteristics & Appeal
The primary appeal of this property lies in its location and value proposition within a desirable area. While the 1919 build date makes it older than most homes on its street and in the neighbourhood, its living space is notably above average for both Crescentwood and Winnipeg overall. This suggests a home that may have been expanded or simply offers more generous proportions than many others. The assessed and recent sale value is modest for Academy Road itself, but sits above the Winnipeg average, positioning it as a more accessible entry point into a prime crescentwood location. It would likely suit a value-conscious buyer looking for character and space in a mature neighbourhood, who is comfortable with an older home that lacks certain modern amenities like a basement or garage. A thoughtful perspective is that this could represent a "blank canvas" property on a prestigious road—offering the address and lot potential without the premium price of a fully renovated home, appealing to those with a vision for gradual updates.
Frequently Asked Questions
1. Why is the sale price so much lower than typical Winnipeg home prices?
The listed sale price of $34,500 reflects the assessed value, not a typical market price for a single-family home. This is very likely a condominium-style property (such as a duplex unit or townhouse) where the value represents the unit itself, not a standalone lot and building.
2. What does the "Top %" ranking for Year Built mean?
The data shows this 1919 home is older than most comparable properties. It ranks in the top 85% on its street (meaning 85% of comparable homes on Academy Road are newer), and top 96% citywide, indicating it is among the oldest 4% of similar properties across Winnipeg.
3. If there's no basement or garage, where is the mechanical systems and storage?
In older homes without basements, furnaces, water heaters, and electrical panels are typically housed in a utility room on the main floor. Storage and laundry space would be limited to closets and potentially a main-floor area, which is a key layout consideration for buyers.
4. The living area is above average, but the value is below average for Academy Road. What does this indicate?
This combination suggests the home's interior space is a strong asset, but its older age, condition, and/or specific features (like the lack of basement and garage) likely keep its value lower than newer or more updated homes on the same desirable street.
5. Who would this property suit best?
It best suits a buyer prioritizing location and interior space over modern conveniences. It could be a project for someone willing to update an older character home, or a practical choice for someone who wants the Crescentwood address without a large mortgage, accepting the trade-offs in amenities.