Property Overview: 4 Royal Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Jefferson presents a solid, above-average offering for its immediate area. Its key characteristics include 1,248 sqft of living space, a renovated basement, a detached garage, and a 5,038 sqft lot, all built in 1957.
The appeal lies in its strong positional value within a desirable context. The data shows this home consistently ranks above average for its street and neighborhood in critical metrics like living area, assessed value, and year built. It offers more interior space than most comparable homes on Royal Crescent and in Jefferson, and its assessed value places it in the top tier locally, suggesting a premium property for the area. The renovated basement adds modern, functional space.
This property would suit practical buyers looking for a move-in-ready home with room to grow on a quiet crescent, particularly those who value being in a neighborhood where the home stands out positively against its direct peers. It’s also a sensible choice for someone who appreciates the character and established nature of a mid-century home but wants the convenience of updates already completed.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to the rest of Winnipeg?
While this home ranks highly within its own neighborhood and street, its assessed value is around the city-wide median. This highlights that it represents a premium property in the Jefferson area specifically, offering more value locally than it might in a broader city comparison.
2. What does the sold price history from 2020 indicate?
The home sold for between $295,000 and $325,000 in June 2020. This historical data provides a benchmark, but the current assessed value of $353,000 reflects the market’s and municipality’s updated valuation since that last sale.
3. Is the lot size a major feature?
At just over 5,000 sqft, the lot is above average for Royal Crescent and typical for Jefferson. It provides good outdoor space but is not an unusually large lot by Winnipeg standards, placing it in the middle of the pack city-wide.
4. What is implied by the “renovated basement”?
While specific details aren’t listed, a renovated basement in a 1957 home typically adds valuable finished living space, such as a family room, office, or additional bedrooms. It’s a key functional upgrade that expands the home’s usable square footage.
5. How current is the ranking data?
The rankings are based on the latest assessed values and available property data, providing a snapshot of how this home compares to its defined peer groups (same street, neighborhood, city) at the time of assessment.