Property Overview & Key Characteristics
83 Lavenham Crescent is a one-storey home built in 1969, situated on a generous 3,806 sqft lot in Winnipeg's Westdale neighbourhood. The home itself is 974 sqft and features a basement that is present but not renovated. There is no garage or pool.
The primary appeal of this property lies in its land and location rather than the current state of the dwelling. The lot size is notably larger than most on its street (ranking in the top 11%) and within Winnipeg overall (top 23%), offering significant outdoor space and potential. The home's assessed value is modest compared to many in the city, which may present an opportunity. It would suit a buyer looking for a solid foundation in a stable neighbourhood—specifically, a hands-on individual or family willing to take on renovation projects over time to modernize the interior and maximize the value of the sizable lot. It's also a practical entry point into homeownership in Winnipeg, where the land itself represents a substantial portion of the long-term value.
Frequently Asked Questions
1. What does "basement, not renovated" typically mean for a home of this era?
It generally indicates a functional but dated basement. You can expect it to be unfinished or partially finished with older materials, likely serving as basic utility and storage space. It represents a clear opportunity for future expansion or modernization.
2. How significant is the lot size here?
Very. At over 3,800 sqft, the lot is well above average for the street and neighbourhood. This is a key asset, providing ample yard space, better privacy, and future potential for additions, landscaping, or even a garage, subject to local bylaws.
3. The assessed value seems low. Is that a concern?
Not necessarily. A lower assessment often reflects the home's original condition and modest size relative to its lot. It can be an advantage, resulting in relatively lower property taxes compared to fully renovated homes on similar land. The value is in line with several other comparable properties in the area.
4. What is the Westdale neighbourhood like?
Westdale is an established, mature neighbourhood primarily featuring homes from the 1960s and 70s. The listing shows consistent property values and a variety of home sizes, suggesting a stable, family-oriented community without extreme fluctuations in the market.
5. Who should be cautious about this property?
Buyers seeking a move-in-ready, modern home with ample built-in storage (like a garage) or who have no interest in renovation projects should look elsewhere. This property is a canvas for adding value through personal effort and investment over time.