Property Overview: 40 Highgate Crescent, Winnipeg
Key Characteristics & Appeal
This 1,656 sqft home, built in 1983 on a 5,312 sqft lot in River Park South, presents a solid, above-average offering within its broader market. Its primary appeal lies in its strong value proposition and established location. The assessed value of $491k is notably above average for the street, neighborhood, and city, suggesting the property is well-regarded relative to its peers. While the living area is slightly below the street average, it ranks well above the neighborhood and city averages, indicating a spacious interior for the area.
The home suits buyers looking for a move-in ready property in a mature, stable community without the premium of a brand-new build. It’s particularly fitting for those who value space over lot size, as the interior is generous while the yard is more standard. A thoughtful perspective is that this property represents a "known quantity"—its value and size are consistently above par at multiple comparison levels, which can offer confidence in its long-term market position compared to more variable offerings.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
While the assessed value ($491k) is a strong benchmark and is above average for the area, market conditions, property condition, and recent upgrades ultimately determine the sale price. The home last sold between $450k-$500k in mid-2021.
2. How does the lot size compare to others?
The lot is 5,312 sqft, which is below the average for Highgate Crescent but fairly typical for the wider River Park South neighborhood. It offers a standard outdoor space for the community.
3. The home was built in 1983. Should I be concerned about major repairs?
Homes from this era in Winnipeg are common and often feature well-understood construction. However, key components like the roof, windows, furnace, and major systems are likely at or beyond their typical lifespan, so a thorough inspection is advised to budget for any updates.
4. The data shows the living area is below the street average but above the city average. What does this mean?
This highlights the character of Highgate Crescent, which consists of larger-than-average homes. While this home is on the smaller side for its immediate street, it still provides more interior space than most comparable homes across Winnipeg, making it a spacious option in the broader market.
5. How can I find out the exact historical sale prices?
The provided sold price is given as a range. Due to data licensing rules, exact sale figures are not published online here. You can request the full transaction history by emailing the site directly for a manual lookup, which they provide without obligation.