Property Overview: 38 Tudor Crescent, Winnipeg
Key Characteristics & Appeal
This 1,048 sqft bungalow, built in 1959, presents a solid, no-surprises opportunity in the Munroe East neighbourhood. Its primary appeal lies in its established setting and above-average lot size. With 6,044 sqft of land, the property ranks in the top 10% within its local area, offering more outdoor space than most comparable homes—a valuable asset for gardening, expansion, or simply enjoying a larger yard.
The home’s assessed value is notably strong for its immediate street and area, ranking in the top 14% and 10% respectively, suggesting it is well-regarded relative to its peers. While the living space is average for the neighbourhood, the combination of a generous lot and a strong assessed value creates an interesting value proposition. It would suit a practical buyer looking for a character home in a mature area, who values land size over square footage and may be interested in the long-term potential the lot offers. It's also a sensible fit for those who appreciate a home with a proven, stable value history in its community.
Frequently Asked Questions
Q: How does the lot size compare to newer subdivisions?
A: The lot is significantly larger than the modern average. At over 6,000 sqft, it ranks well above average for the city and is a key feature that sets this property apart from many contemporary builds.
Q: The home sold between 2022-2025. What does the sold price range indicate?
A: The previous sale in the $400k-$450k range placed it in the top 5% of sales on its street and top 1% in its area at that time, indicating it was a premium purchase within its immediate market context.
Q: Is the above-average assessed value a good sign?
A: Generally, yes. It suggests the municipal assessment views the property favorably compared to direct neighbours, often reflecting factors like lot size, condition, and desirability of the specific location.
Q: As a 1959 build, what should I consider?
A: While the building age is typical for the area, a home of this vintage may have original major systems (like plumbing, electrical, or roof). A thorough inspection is advised to understand the condition and potential upcoming investments.
Q: The living area is described as "around average." What does that mean for daily life?
A: With just over 1,000 sqft, the floor plan will be compact and efficient. It’s well-suited for individuals, couples, or small families who prioritize a larger yard over expansive indoor living space.