2483 Assiniboine Crescent

Property Overview

This 4-level split home on a generous, mature lot in Birchwood offers a practical layout with clear potential. Its appeal lies in the balance of established neighbourhood character and the value of a renovated basement, presenting a solid foundation for a range of buyers. It would suit first-time homeowners looking for space to grow, value-conscious buyers comfortable with gradual updates, or those seeking a stable investment in a well-ranked area of Winnipeg.

Key Characteristics & Suitability
Built in 1959, the home features 1,389 sq ft of living space across its split levels, anchored by an attached garage and a renovated basement. The lot is a significant asset at 6,598 sq ft, placing it in the top 18% for size on its street. While the living area is modest relative to the lot size, this ratio highlights potential for future expansion or outdoor living. The home’s assessed value ranks highly within its immediate street and neighbourhood, suggesting it is a proportionally valuable property in its local context. Its last sale was in 2019, indicating a period of stable ownership. This property is best suited for buyers who appreciate the charm and space of an older lot, are ready to live in some original spaces while benefiting from a finished basement, and who view the above-average lot size as a long-term asset.

Frequently Asked Questions

1. What does the "renovated basement" likely include?
While specifics aren't listed, a renovation in a home of this era typically means updated finishes, improved lighting, and possibly a legal secondary suite or additional living space. It's a key value-add that provides immediate usable space.

2. How does the 4-level split layout function in daily life?
This style creates distinct zones, often separating sleeping, living, and utility areas across short flights of stairs. It offers good separation of space but requires more stair navigation than a bungalow or two-story. It's efficient for dividing active and quiet areas.

3. The lot is large, but the living area is modest. What does this mean?
This is a classic scenario in established neighbourhoods. It means you're purchasing significant outdoor space and land value, with a house that has room to grow. It's a profile that appeals to those with future renovation or addition plans.

4. The home last sold in 2019. Should I be concerned?
Not necessarily. A five-year ownership period suggests the sellers weren't flipping it quickly and may have invested in updates like the basement renovation. It indicates a settled property, but it's wise to ask why they are moving now.

5. The assessed value is $39.6k, but the sale price will be much higher. Why?
The assessed value is for municipal tax purposes only and is typically far below market value in Canada. Market price is determined by recent sales of comparable homes, buyer demand, and the property's condition. Always rely on a comparative market analysis from your agent for pricing.