119 Larchdale Crescent

Property Overview: 119 Larchdale Crescent, Winnipeg

Section 1: Key Characteristics & Appeal

This is a well-maintained, one-storey home built in 1958, situated on a generous 6,564 sqft lot in the Kildonan Drive area. With 1,125 sqft of living space and a renovated basement, it offers practical, single-level living. The home’s assessed value of $390,000 is positioned solidly in the middle range for the city, reflecting its established neighborhood setting.

The primary appeal lies in its balance and stability. While the living space is modest for the immediate street, the lot size is notably above average city-wide, offering valuable outdoor space and potential. The recent basement renovation adds modern functionality without the premium of a brand-new build. It suits first-time buyers seeking an entry point into a mature neighborhood, downsizers looking for manageable single-level living with a good-sized yard, or practical investors attracted to a recently updated property with solid fundamentals and a realistic price point.

A less obvious perspective is its "middle-of-the-pack" metrics. It isn't the largest or newest on the block, but it also isn't priced at the top, which can mean less competition and more room for personalization without overpaying for a premium address. It represents a grounded choice in a steady market segment.

Section 2: Frequently Asked Questions

1. How does the size of this home compare to others?
At 1,125 sqft, the living area is below the average for Larchdale Crescent itself but is very close to the average for both the wider Kildonan Drive area and the city of Winnipeg as a whole.

2. What is the significance of the lot size?
The 6,564 sqft lot is a key feature. It ranks above average compared to all properties in Winnipeg, meaning you get more outdoor space than is typical city-wide, which is a valuable asset for gardening, recreation, or future expansion.

3. The home was built in 1958. What should I consider?
Built 68 years ago, the home is older than many in the Kildonan Drive area but is around the average age for the city. This typically means well-established infrastructure and mature landscaping. A thorough inspection is advised to understand the condition of major aging components like the roof, plumbing, and electrical systems.

4. What does the recent sale history indicate?
The property sold in October 2024 for between $445,000 and $475,000. This recent transaction, well above the $390,000 assessed value, suggests a strong and active market for homes in this condition and location.

5. Who determines the assessed value and what does it mean for taxes?
The assessed value of $390,000 is set by the municipal tax authority for property tax calculation purposes. It is not a market appraisal. Your property taxes will be based on this value multiplied by the annual municipal tax rate.