Property Overview: 75 Lumsden Avenue, Crestview
Section 1: Key Characteristics & Appeal
This four-level split home, built in 1968, offers a practical and efficient layout within a well-established Winnipeg neighbourhood. With 1,200 sqft of living space, it provides above-average roominess for both its immediate street and the Crestview area, making it a spacious option within its local context. The property sits on a modest, manageable lot, which translates to less yard maintenance—a notable perk for those seeking a home without extensive outdoor upkeep. It features a basement, which presents potential for future development, though it is currently not renovated.
The primary appeal lies in its value proposition and move-in readiness within a stable community. Recent sale data indicates strong price appreciation, suggesting the area is in demand. This home would suit first-time buyers looking for a solid starter home with room to grow, or practical downsizers who want comfortable indoor space without the burden of a large yard. It’s a property for buyers who prioritize functional space and neighbourhood character over premium lot size or brand-new renovations, and who see potential in a home that offers a clean slate for gradual, personal updates.
Section 2: Frequently Asked Questions
1. How does the lot size compare to others?
The land area is smaller than average for both Crestview and the city overall. This is a key consideration if outdoor space is a priority, but it also means less time and money spent on landscaping and maintenance.
2. What does the "above average" living area ranking mean?
While the home’s square footage is modest by city-wide standards, it ranks in the top 16% on its own street and top 26% in Crestview. This indicates you get more interior space relative to many immediate neighbours, which can be a smart value in an older neighbourhood.
3. Is the assessed value a reliable indicator of the sale price?
Not directly. The assessed value is for tax purposes and is notably lower than recent sale prices. The home sold for significantly more than its assessed value in 2024, reflecting strong market demand that official assessments often don’t capture in real time.
4. The home sold recently in 2024 and also in 2019. Should I be concerned?
The two recent sales in a short period warrant understanding the context, which could range from a simple investor flip to a change in owner circumstances. It’s not inherently negative, but it’s a important point to clarify with the seller or your agent.
5. What are the implications of a "not renovated" basement?
This means the lower level is in its original, functional state. It offers usable space but will likely require investment for finishing. View this as either a project to budget for or as flexible, unfinished storage and utility space as-is.