Property Overview: 243 Fairlane Avenue, Crestview, Winnipeg
Key Characteristics & Appeal
This 840 sqft, one-storey home on a 4,097 sqft lot presents a straightforward, low-maintenance living option in Winnipeg's Crestview neighbourhood. Built in 1972, it is notably newer than most homes on its street and in the immediate area, which is a key advantage suggesting potentially fewer age-related issues. The home features a renovated basement, adding valuable finished space. Its assessed value is positioned below area averages, indicating a potentially accessible entry point into the market.
The primary appeal lies in its practicality as an efficient, no-frills property. It suits first-time buyers or investors seeking a manageable footprint with recent basement updates, without the upkeep of a larger yard or older structure. A thoughtful perspective is its "relative modernity" in a context of older builds; for a buyer prioritizing mechanical systems and building envelope over sheer size, this is a meaningful benefit. It’s a home for those who value function and affordability over expansiveness, offering a chance to live in a settled neighbourhood without the premium price tag of a larger, more modern property.
Frequently Asked Questions
1. Is the house smaller than others in the area?
Yes. With 840 sqft of living area, it is below the average size for similar homes on Fairlane Avenue, in Crestview, and across Winnipeg.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A buyer should inquire about the scope of work, permits, and the current use of the space (e.g., recreation room, secondary suite potential).
3. How does the assessed value relate to the likely selling price?
The assessed value is $24,700k, which is a municipal valuation for tax purposes. The last known sale was in 2018 for $22,100k. The current market price will be influenced by today's market conditions and the property's state, and may differ significantly from these figures.
4. What are the implications of having no garage?
Buyers should plan for street parking and consider the cost of adding a shed or carport for storage and vehicle protection, if desired. The smaller lot size may also limit options for adding a garage later.
5. The home ranks highly for its "Year Built." Why is that significant?
In its immediate context, being built in 1972 makes it newer than many neighbouring properties. This can be a positive indicator for the age and condition of core components like wiring, plumbing, and insulation compared to much older homes, though a thorough inspection is still essential.