Property Overview
This 1961 one-storey bungalow at 236 Morgan Crescent in Winnipeg's Crestview neighborhood presents a practical, grounded opportunity. Its key appeal lies in being a well-situated, average-priced home in a stable area, ideal for those seeking value and simplicity over luxury.
The 1,022 sqft living space is modest, ranking below average for the street and area, suggesting a cozy, efficient layout rather than expansiveness. A significant positive is the renovated basement, which adds functional living space. The detached garage and a standard 5,718 sqft lot offer typical outdoor and storage utilities. Its assessed value is consistently around the average for its immediate area, indicating a fair market positioning without premium pricing. The home last sold in April 2020 for $310,000.
This property would suit first-time buyers, downsizers, or practical investors looking for an entry into the Winnipeg market without frills. Its renovated basement adds immediate livability, and its average metrics suggest a lower risk of overpaying. A thoughtful perspective is that a smaller, older home on a decent lot in an established area like Crestview can represent a blank canvas—it offers the potential for future updates or an addition more affordably than buying a larger, finished home at a premium.
Frequently Asked Questions
1. Is the house particularly large or small?
The living area of 1,022 sqft is below the average for both Morgan Crescent and the broader Crestview area, indicating a more compact, manageable footprint.
2. How does its value compare to neighbors?
The home's assessed value is consistently around the middle of the pack—neither among the highest nor the lowest—when compared to homes on its street, in Crestview, and across Winnipeg.
3. What is the condition of the basement?
The listing specifically notes the basement has been renovated, which is a key feature adding modern, finished living space to this 1960s bungalow.
4. Is the lot size a pro or a con?
At just over 5,700 sqft, the lot is fairly typical for the area. It provides adequate outdoor space but is not unusually large, representing a standard balance of house and yard.
5. How old is the property, and what does that imply?
Built in 1961, it is older than many homes on its street and in Crestview. Buyers should anticipate the potential for age-related maintenance while appreciating the character and established neighborhood that comes with an older home.