Property Overview
29 Royal Crescent is a well-maintained, one-storey home built in 1955, situated on a generous 5,079 sqft lot in Winnipeg's Jefferson neighbourhood. Its key appeal lies in its strong positioning within its immediate area. While its 988 sqft living space is modest by city-wide standards, it is squarely average for Royal Crescent and Jefferson, suggesting it fits the neighbourhood's character. The home’s standout feature is its assessed value, which ranks significantly above average for both the street and the neighbourhood, indicating it is perceived as a higher-value property in its local context. The detached garage and renovated basement add practical value.
This home would suit a first-time buyer or downsizer looking for a manageable, single-level layout in an established area. It’s also a sensible choice for a value-focused buyer who prioritizes a property that outperforms its immediate peers on key financial metrics, rather than seeking maximum square footage. The above-average land area for the street offers potential for outdoor space or future expansion, which is a less obvious advantage for a home of this vintage.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The assessed value of this property ranks in the top 21% on its own street and the top 14% in the wider Jefferson neighbourhood, meaning it is considered a higher-value home compared to most direct peers in the area.
2. Is the living space small for a house?
At 988 sqft, the living area is slightly below the Winnipeg city average. However, it is very typical for the Jefferson neighbourhood and Royal Crescent specifically, where comparable homes average about 1,049 sqft.
3. What are the implications of the lot size?
The 5,079 sqft lot is above average for Royal Crescent, providing more outdoor space than many neighbouring properties. This can be a advantage for privacy, gardening, or future projects.
4. When was the home last sold, and for roughly how much?
Public records indicate a sale occurred in December 2020, with a price range between $285,000 and $315,000. The exact sale price can be provided upon request.
5. The home was built in 1955. What should I consider?
While the basement has been renovated, a home of this age will likely have original components, such as windows, plumbing, or electrical systems, that may require inspection or updating. Its construction date is typical for the street and neighbourhood.