Property Overview: 220 Morgan Crescent, Winnipeg
Key Characteristics & Appeal
This three-level split home in Crestview presents a distinct value proposition centered on its generous lot. Built in 1961, the 1,020 sqft living space is modest and below average for the area, but it sits on a notably large, nearly 7,000 sqft property—ranking in the top 12% of the neighborhood. The home features a renovated basement and does not include a garage. Its assessed value is consistent with area averages, suggesting a stable, no-surprises valuation.
The primary appeal lies in the land itself. This property is suited for buyers who prioritize outdoor space for gardening, recreation, or future expansion over a large interior footprint. It’s a practical option for first-time homeowners comfortable with a compact, efficiently designed layout, or for those seeking a manageable property with the bonus of a sizable yard in a well-established community. The renovated basement adds functional living space, offsetting the smaller main floor area. A thoughtful perspective is that this home represents a “land-value” opportunity in a mature neighborhood, where the potential of the parcel may outweigh the current structure for the right buyer.
Frequently Asked Questions
1. How does the home’s size compare to the neighborhood?
The living area of 1,020 sqft is below the average for both Morgan Crescent and the wider Crestview area, where comparable homes average about 1,100-1,130 sqft.
2. What is the standout feature of this property?
The land size is the most notable asset. At 6,988 sqft, the lot is significantly larger than most in the immediate area and ranks well above average city-wide.
3. Is the assessed value typical for the area?
Yes. The assessed value is around the average for Crestview and slightly above average for its specific street, indicating it is valued in line with local market norms.
4. What should I know about the home’s condition and updates?
The listing notes a renovated basement, which is a key update. As a home built in 1961, prospective buyers should factor in the age and may wish to investigate the condition of major systems and the main living areas.
5. Are there any recent sales to indicate market value?
The home last sold in August 2017 for $270,000. For current market value, consultation with a local real estate professional for comparable recent sales is recommended.