Property Overview
This one-storey home at 18 Hollingsworth Avenue in Winnipeg's Crestview neighborhood is a practical, no-frills property built in 1965. With 1,040 sqft of living space and a renovated basement, it sits on a standard 5,500 sqft lot. The data suggests it is a very average home by most local and city-wide metrics, particularly in assessed value and lot size. Its standout characteristic is its living area, which is notably smaller than most other homes on its own street. The appeal here is grounded in simplicity and location. It suits first-time buyers or downsizers looking for an entry point into the market without major structural projects, thanks to the renovated basement. It would also appeal to value-focused investors or owners who prioritize a manageable footprint and lower maintenance over size and modern features. A less obvious perspective is that its "below average" size on the street could represent a relative value opportunity in the area, assuming the renovation is well-executed.
Frequently Asked Questions
1. How does this home compare to others on the street?
The home is smaller than most on Hollingsworth Avenue, ranking in the top 95% (meaning only 5% are smaller). However, its assessed value is around the street average. This suggests you're getting a more compact home, potentially at a proportionate price.
2. Is the basement a legal suite?
The listing mentions a renovated basement but does not specify if it is a legal secondary suite. This is a crucial point to verify with the seller and the city, as it impacts value, insurance, and permitted use.
3. What does the "around average" assessment in Crestview mean?
The home's assessed value ranks in the top 32% for the broader Crestview area, meaning it's assessed higher than about 68% of homes here. This doesn't dictate market price but indicates it is not a low-value outlier in the neighborhood.
4. There's no garage. Is there parking?
The listing specifies no garage. You would need to confirm the driveway situation (if any) and on-street parking regulations with the city to understand your parking options.
5. The home was last sold in 2016. What might that indicate?
A sale eight years ago suggests the current owners have had a stable tenure. It's worthwhile to inquire about the scope and timing of the basement renovation and any other updates completed during their ownership.