Property Overview: 79 Shalimar Crescent, Winnipeg
Key Characteristics & Appeal
This 1993-built home in Riverbend stands out for its above-average scale and established value within its community. With 1,737 sqft of living space and a 7,629 sqft lot, the property offers more room than most comparable homes on its street and in the wider neighborhood. Its assessed value of $494K is notably the highest on Shalimar Crescent, indicating its premium positioning in the immediate area.
The appeal lies in securing a property that benchmarks well across multiple categories—size, lot, and value—in a mature, established setting. It’s a home that offers space without being an outlier, situated in a neighborhood of similar vintage. This property would suit buyers looking for a generous family layout and a larger yard in a settled area, who also appreciate a home with a strong and clear assessment value relative to its peers. It’s a practical choice for those prioritizing space and established equity over a brand-new build.
Frequently Asked Questions
1. How current and reliable is the assessed value?
The assessed value is an official municipal valuation used for property tax calculation. While it’s a strong indicator of a home’s relative worth compared to neighbors, it is not the same as a market appraisal or selling price. The fact it ranks #1 on the street is a significant positive data point.
2. The home last sold in 2017. What does that mean for me?
A sale seven years ago suggests stable, long-term ownership. This can be positive, indicating a well-cared-for home, but it also means major systems (like roof, furnace, windows) from the 1993 build may be nearing or due for updates. A thorough inspection is advisable.
3. The lot size is much larger than average for the area. What are the implications?
A lot ranked in the top 10% locally offers valuable outdoor space, potential for additions, or gardening. It also likely means higher property taxes relative to smaller-lot neighbors, but contributes significantly to the property’s premium assessment and long-term value.
4. Why are only sold price ranges shown, not exact figures?
Due to industry regulations, exact MLS sale prices cannot be published on public sites. The provided range from 2017 ($350K-$400K) gives a historical benchmark. For precise historical data, you must request it directly from the site via email, as noted in the details.
5. How does living in a street where this home is "above average" affect resale?
Being one of the larger, higher-value homes on a street of similar-style houses is generally advantageous. It often means your property sets the ceiling for the street, rather than competing with more expensive benchmarks. However, it also means future appreciation may be more closely tied to the overall street’s performance rather than standing out.