Property Overview: 125 Skowron Crescent, Winnipeg
Key Characteristics & Appeal
This one-storey home in Grassie presents a practical and affordable entry point into the Winnipeg market. Its key characteristic is its compact size, with 928 sqft of living space, which is notably below average for the immediate street and neighborhood. This is balanced by a renovated basement, adding functional space. The home was built in 1991, making it newer than many city-wide comparables, and sits on a roughly 5,200 sqft lot that is typical for the area.
The primary appeal lies in its value proposition. With a historically low sold price and an assessed value that is modest for the city, it represents a lower barrier to entry. This isn't a sprawling property; its appeal is in efficiency and manageability. The renovated basement suggests immediate livability without a major project.
It would suit first-time buyers or downsizers seeking a single-level layout with minimal upkeep. Investors may also see potential in a home with a recent sale at a price point significantly below city averages, offering a straightforward rental opportunity. It’s a property for those who prioritize financial practicality and a solid foundation over square footage or premium finishes.
Frequently Asked Questions
1. Is the low square footage a major drawback?
While the living area is compact, the renovated basement effectively expands the usable space. It's a trade-off: the smaller main footprint contributes directly to the accessible price point.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value is relative. It is below average for the street and Grassie area, which aligns with the home's smaller size. City-wide averages include a vast range of property types and sizes, so being "around average" there indicates this home sits in a very moderate value tier overall.
3. What does the sold price history indicate?
The home sold in early 2023 within a range that aligns closely with its current assessed value. This suggests a stable, non-volatile market for this specific property type and reinforces its position as an affordable option.
4. Are there any obvious issues since it's priced accessibly?
The data doesn't indicate specific problems. The home's age (35 years) is a factor, but it's actually newer than many in Winnipeg. The below-average size for the neighborhood is the most significant driver of its pricing, not necessarily condition, especially with noted renovations.
5. How does the lack of a garage affect value and livability?
The absence of a garage is factored into the price and is a common feature in this value segment. Buyers should consider their need for vehicle storage and the practicalities of street parking or adding a shed.