Property Overview: 733 Adamdell Crescent, Winnipeg
Key Characteristics & Appeal
This is a modest, well-situated bungalow built in 1958, offering a classic post-war layout with 816 square feet of living space. Its primary appeal lies in its generous 6,044 sqft lot, which ranks within the top 10% for size in the Munroe East neighbourhood, presenting a significant opportunity for gardening, expansion, or future redevelopment. The home’s assessed value is notably lower than most comparable properties on its street and in the wider city, which typically indicates a lower property tax burden but may also reflect the home’s condition or original features.
The property would suit first-time buyers or practical investors seeking an entry point into the market with a focus on land value over interior square footage. It’s a candidate for a live-in renovation project or for someone comfortable with a smaller, efficient footprint who prioritizes outdoor space. A less obvious perspective is that, while the living area is below average, its lot size is substantially larger than most in the immediate area, suggesting the true long-term value may be in the land itself rather than the current structure.
Frequently Asked Questions
1. Why is the assessed value so much lower than other homes?
A lower assessed value often correlates with a smaller living area, older components, and homes that haven’t been recently renovated or updated. It generally results in lower annual property taxes, which can be an advantage for the budget-conscious buyer.
2. Is the smaller living area a major drawback?
It depends on your needs. The 816 sqft layout is functional for individuals, couples, or small families seeking a low-maintenance interior. The trade-off is the larger-than-average lot, which expands your usable space outdoors.
3. What does the "Elite" ranking for Year Built mean?
On its specific street, this home is one of the newest, built in 1958. This doesn't mean it's modern, but rather that it’s newer than most of its immediate neighbours, which could imply slightly newer construction standards or materials for that particular block.
4. How reliable are the sold price ranges shown?
The ranges are based on public data. For the exact historical sold price, you must request it via email. This manual verification process ensures accuracy, as public records can sometimes be incomplete or generalized.
5. What are the main considerations for a home from 1958?
Homes of this age may have original plumbing, electrical systems, and insulation. A thorough inspection is crucial to understand the potential need for updates, which can be factored into renovation planning and budgeting. The upside is the potential for solid construction and a desirable, established neighbourhood lot.