Property Overview: 41 Lavenham Crescent, Winnipeg
Key Characteristics & Appeal
This two-storey home in Westdale, built in 1969, presents a solid opportunity in a well-established neighbourhood. Its key characteristic is a renovated basement, adding valuable finished living space to the 1,076 sqft main footprint. The lot is a notable asset, ranking in the top 15% in Winnipeg for size at over 3,200 sqft, offering ample outdoor space for gardening, play, or expansion.
The appeal lies in its balanced positioning. It’s not the newest or largest home on the block, but it holds its own with a desirable lot size and recent updates below grade. The sale history shows steady value appreciation, with the last sale in 2023 at $25.5k above the previous 2017 price. This suggests a stable investment in a mature area. It would suit first-time buyers or downsizers looking for a manageable, single-family home with a move-in-ready basement and yard potential. It’s also a practical choice for those who value neighbourhood character over a brand-new build and appreciate having room to grow outdoors rather than a large interior to maintain.
Frequently Asked Questions
1. How does the lot size compare to nearby homes?
The 3,214 sqft lot is a standout feature, larger than approximately 85% of properties in Winnipeg. This is a significant advantage for privacy, outdoor activities, or future projects like a garage or deck.
2. What does the sale history indicate about the property's value?
The home sold for $25,500 in September 2023, which was a noticeable increase from its $20,600 sale price in November 2017. This points to consistent market demand and value growth in the area.
3. Is the home larger or smaller than others in Westdale?
With 1,076 sqft of living area, it is comfortably in the middle range for the neighbourhood—larger than about 65% of Westdale homes, offering a practical amount of space without being excessive.
4. How old is this home compared to others on the street?
Built in 1969, it is actually one of the newer homes on Lavenham Crescent, ranking in the top 2% for year built on its specific street. This can be an advantage for systems and structure relative to immediate neighbours.
5. What is the property's tax assessment relative to the area?
The assessed value of $24,300 is higher than about 84% of homes in Westdale, which typically reflects the municipality's view of its combined value (lot, building, location) within the local market.