Property Overview & Key Characteristics
This well-situated one-storey home at 293 Morgan Crescent in Winnipeg's Crestview neighborhood presents a compelling blend of space, location, and value. Its primary appeal lies in its generous proportions relative to its immediate surroundings. With 1,498 sqft of living area, it ranks in the top 3% of homes on its own street and the top 6% within Crestview, offering significantly more interior space than local averages. This is complemented by an above-average lot size of nearly 6,000 sqft for the street. The home features a renovated basement and a detached garage. Built in 1961, it is a mature property, but its assessed value remains strong, placing it in the top tier of its immediate market.
The property would suit buyers looking for a spacious bungalow layout in a stable neighborhood, particularly those who value more square footage and a larger yard than is typical for the area. It’s a practical choice for small families, downsizers seeking single-level living, or investors attracted by its high-ranking assessed value and recent, substantial price appreciation as evidenced by the 2022 sale.
Frequently Asked Questions
Q: How does the size of this home compare to others nearby?
A: This is one of the larger homes in the Crestview area. Its living area is notably above the average for both its own street and the wider neighborhood, placing it in the top 6% locally.
Q: What is the significance of the assessed value ranking?
A: The assessed value ranks in the top 3% on Morgan Crescent and top 12% in Crestview, suggesting the municipal assessment views it as a higher-value property within its peer group, which can be a positive indicator for equity.
Q: The home was built in 1961. What should I consider?
A: While the building is older than many in Crestview, the basement has been renovated. A thorough inspection is recommended to understand the condition of major aging components, like the roof, plumbing, and electrical systems.
Q: The sale history shows a significant price increase between 2016 and 2022. What does this mean?
A: The jump from $268k to $410k over six years reflects strong market appreciation and possibly the value of improvements made, like the basement renovation. It sets a recent market benchmark, but current value will depend on present conditions.
Q: Is the lot size a major feature?
A: The lot is above average for the street, providing more outdoor space than many direct neighbors. This offers greater potential for gardening, recreation, or expansion than a standard lot in the area.