Property Overview: 591 University Crescent, Fort Richmond, Winnipeg
This 4-level split home, built in 1968, presents a practical opportunity in a well-established Winnipeg neighbourhood. Its appeal is rooted in solid space and location, offering a clear value proposition for a specific set of buyers.
Key Characteristics & Ideal Buyer
The home’s primary strength is its generous living space. At 1,965 sqft, it offers significantly more room than most comparable homes on its street, in Fort Richmond, and across Winnipeg. This makes it a standout for buyers needing ample interior space without a premium price tag. The property includes an attached garage and a full, unrenovated basement, providing functional utility and potential for future customization.
Its appeal lies in this balance of space and value. While the home itself is from the late 1960s and the basement is in original condition, the lot size is manageable at 6,555 sqft—smaller than some on the street but still above the city-wide average. The assessed value history suggests steady market growth, positioning it as a stable, no-frills investment in a mature area close to the University of Manitoba.
This property would best suit a practical buyer—perhaps a growing family needing room to spread out, or a hands-on individual who views the unrenovated basement not as a drawback, but as a blank canvas for a future project. It’s for those who prioritize square footage and location over modern finishes, and who appreciate a home with a clear, trackable sales history in a non-speculative market.
Frequently Asked Questions
1. Is the basement finished?
No, the basement is not renovated. It is a full, unfinished space, offering potential for future development or ample storage.
2. How does the living area compare to other homes?
Very favorably. At 1,965 sqft, it is in the top 8-12% of homes for size when compared to its immediate street, the Fort Richmond area, and Winnipeg city-wide.
3. What is the property’s sales history?
The home has sold three times in recent years: in May 2016, September 2019, and most recently in June 2021. Each sale showed an increase in price range, indicating steady appreciation.
4. Is the lot size typical for the area?
The lot is 6,555 sqft, which is below the average for University Crescent but is actually above the average lot size for the entire City of Winnipeg. It offers a manageable yard.
5. How can I find out the exact past sold prices?
The listing provider offers to share the exact historical sold prices via email upon request, as the prices shown are publicly-sourced ranges.