Property Overview: 341 Larche Crescent, Winnipeg
Key Characteristics & Buyer Appeal
This 720 sqft bi-level home at 341 Larche Crescent is a compact, efficiently sized property built in 1972. Its key feature is a renovated basement, adding valuable finished living space. The home sits on a modest 3,402 sqft lot. The data indicates it is a more affordable option within its local context, with both its living area and assessed value consistently ranking below the averages for its street, neighborhood (Kildare-Redonda), and the wider city. This positioning is central to its appeal.
The property suits practical, value-conscious buyers. It’s ideal for first-time homeowners seeking an entry point into the market, investors looking for a rental property with a modernized basement suite, or downsizers who prioritize manageable living space without the upkeep of a larger lot. Its below-average metrics suggest a lower barrier to entry, while the renovated basement offers immediate utility and potential for rental income or a flexible family space. A thoughtful perspective is that its smaller lot and footprint translate to lower maintenance costs and less time spent on yard work, appealing to those seeking a simpler, more budget-efficient lifestyle.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes the basement is renovated but does not specify if it is a legal, secondary suite. This is a crucial point to verify with the seller and the city for potential rental use.
2. Why is the assessed value significantly lower than the city-wide average?
The assessed value reflects the home’s smaller size, lot dimensions, and local market conditions. It is in line with values for similar compact homes in the area, indicating its valuation is typical for its specific property profile rather than being an outlier.
3. How does the living space compare to nearby homes?
At 720 sqft, the living area is smaller than most comparable homes on its street and in the broader neighborhood. The renovated basement effectively expands the usable space, which is an important consideration when evaluating total functional square footage.
4. What are the implications of the smaller lot size?
The 3,402 sqft lot is below average in size. This means less outdoor maintenance and a smaller yard, which can be a positive for those not wanting extensive gardening. However, it also limits potential for expansions, additions, or large outdoor recreation spaces.
5. The last recorded sale was between 2019-2020. What does this mean?
The sale price from late 2020 provides a historical benchmark, but the market has likely changed since then. This gap highlights the importance of obtaining a current market evaluation to understand the home’s present-day value.