Property Overview: 950 Greencrest Avenue, Fort Richmond, Winnipeg
Key Characteristics & Appeal
This bi-level home at 950 Greencrest Avenue presents a distinct profile defined by contrasts. Its primary characteristic is a compact, 800 sqft living area, which is notably smaller than most homes in Fort Richmond and citywide. However, this is balanced by several strong assets: a fully renovated basement, a detached garage, and a modern build year of 2000, making it one of the newest homes on its street and in the neighbourhood. The assessed value is robust for the immediate area, suggesting good relative value and upkeep.
The appeal lies in its efficiency and modern fundamentals. It’s a home that prioritizes low-maintenance living and contemporary systems over sheer size. The renovated basement effectively doubles the usable space, making the floorplan more practical than the main square footage implies. It would suit first-time buyers seeking an affordable entry into a stable neighbourhood without the worries of an older home, or downsizers looking for a manageable property with modern comforts and a good lot size (4,277 sqft). Investors may also see value in its relatively recent construction and rental potential.
A less obvious perspective is that its smaller size and high relative assessed value on the street indicate a well-kept, premium offering within a segment of more modest homes. It’s a property that likely offers "move-in-ready" condition in a package that doesn’t pay for unused space.
Frequently Asked Questions
1. Is the living space too small?
While the 800 sqft main living area is compact, the renovated basement provides significant additional finished space, creating a more functional total living environment than the metric alone suggests.
2. How does the assessed value compare?
The home’s assessed value is above average for Greencrest Avenue itself and sits around the average mark for both the wider Fort Richmond area and Winnipeg citywide, indicating a solid, middle-market valuation.
3. What are the benefits of a 2000 build year?
A home built in 2000 typically means more modern building codes, wiring, plumbing, and insulation compared to the neighbourhood’s older average stock, potentially reducing immediate repair costs and improving energy efficiency.
4. What is the parking and outdoor situation?
The property includes a detached garage and a standard city lot (4,277 sqft). The lot is average for the street but smaller than many in Fort Richmond, resulting in manageable outdoor upkeep.
5. How have its past sales performed?
Available data shows a clear appreciation trend between its 2016 and 2022 sales, with the later sale price ranking in the top 8% for the street, demonstrating strong value growth in its immediate context.