Property Overview
21 Crystal Avenue is a classic one-storey home in Winnipeg's Varennes neighbourhood, built in 1921. Its primary appeal lies in its generous 6,773 sqft lot, which ranks in the top 7% for size on its street and in the neighbourhood. This presents a significant opportunity for expansion, gardening, or outdoor living. The home itself is compact at 808 sqft and retains its original, unrenovated basement, positioning it as a true blank canvas. It last sold in late 2021.
This property is best suited for a specific buyer: the renovator, the value-conscious investor, or someone seeking land potential over immediate move-in condition. It’s for those who see the lot size as the main asset and are prepared to tailor the home to their needs over time. While the home’s living area is modest, its lot is substantially larger than many nearby comparables, offering a less obvious advantage in a mature neighbourhood where land is at a premium.
Frequently Asked Questions
What does "basement, not renovated" mean?
It indicates the basement is in its original state, likely with older finishes and mechanical systems. Buyers should budget for updates and consider an inspection to assess its condition and potential.
How can the assessed value be so different from the last sale price?
Municipal assessed value for taxation purposes often lags behind market value. The 2021 sale price of $340k is a more current reflection of its market worth, though conditions have changed since then.
Is the large lot a good or bad thing?
It’s typically a major asset, offering space for additions, a large garden, or future development. However, it also means higher property taxes relative to the home's size and more yard maintenance.
Who would this home not suit?
It’s likely not a match for buyers seeking a modern, turn-key property without renovation projects. The smaller living area and older features require a willingness to invest time and money.
The home is over 100 years old. What should I be most concerned about?
While charm and sturdy construction are benefits of this era, priority checks should include the foundation, roof, plumbing, electrical wiring, and insulation to understand the scope of any needed updates.