Property Overview: 23 Royal Crescent, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This one-storey home on Royal Crescent in the Jefferson area presents a compelling blend of established neighborhood character and tangible value. Its key characteristics include a renovated basement, a detached garage, and a notably generous 6,035 sqft lot that ranks in the top 9% for size within its immediate area. Built in 1956, the house itself is slightly newer than many in Jefferson. With 1,016 sqft of living space, it is comfortably in line with the neighborhood average.
The appeal lies in its strong positional value. The assessed value sits well above average for both the street and the broader Jefferson area, suggesting it is viewed favorably relative to its peers. The expansive lot is a significant asset, offering ample outdoor space and future potential in a neighborhood where lots are typically smaller. The renovated basement adds functional, modernized living space.
This property would suit a practical buyer looking for a solid, single-level home in an established community. It’s ideal for someone who values a large yard—whether for gardening, children, or pets—over having an above-average-sized house. It also appeals to the value-conscious buyer who recognizes that a higher assessment relative to nearby homes can indicate a well-maintained property or a desirable location within the neighborhood.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold in June 2023 for between $345,000 and $375,000. Its current assessed value of $322,000 is below that sale range, which may be a point of discussion regarding current market value.
2. Is the lot size a typical feature for this street?
No, it is a standout feature. The lot is over 6,000 sqft, placing it in the top 10% on Royal Crescent, where the average lot is about 4,577 sqft.
3. How does this home compare in size to others in Winnipeg?
City-wide, the living area is below the Winnipeg average. This highlights that the property’s value is more tied to its desirable Jefferson location and lot size than to the square footage of the home itself.
4. What does the "above average" assessment in Jefferson indicate?
An assessment that ranks in the top 19% in Jefferson generally means the municipal assessor views this property as more valuable than most in the area, often due to factors like condition, improvements, or specific location advantages.
5. Are there any visible trends from the nearby property sales?
The five closest neighboring homes on Royal Crescent all sold in 2023, indicating an active and liquid market for this specific street at that time, which can help in understanding recent buyer interest in the area.