Property Summary: 2595 Assiniboine Crescent, Winnipeg
Section 1: Overview & Appeal
This well-situated Birchwood bungalow sits on a large, mature lot (over 6,300 sq ft), offering a sense of space and privacy that is increasingly rare. Its key characteristic is a renovated basement, adding valuable finished living space to the 971 sq ft main floor. The home appeals to those seeking a solid, single-level layout with room to grow or customize, all within a established neighbourhood.
The property’s primary appeal lies in its balance of a generous land parcel and a home with clear, modernized utility. It suits first-time buyers or downsizers looking for a manageable bungalow with a move-in-ready lower level, as well as value-oriented buyers who see potential in the sizable yard or the possibility of further updates over time. A thoughtful perspective is that while the home itself ranks in the middle tiers for size and age in its area, the lot size is a standout feature, suggesting the land itself is a significant component of the property’s value. The substantial increase in assessed value between 2022 and 2023 also indicates recent improvements and a strong market response.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated, but specifics on finish quality, room layouts, and ceiling height should be verified by a viewing and inspection to understand its full functionality and condition.
2. How does the detached garage and large lot function in practice?
The detached garage offers flexibility but requires going outdoors in all weather. The large lot provides excellent outdoor space, but buyers should consider the maintenance requirements for lawns, gardens, and snow removal.
3. The home sold very recently in late 2023. Why is it back on the market?
This is a key question for your real estate agent to investigate. The reason could range from a simple change in the owner’s circumstances to undisclosed issues, making due diligence especially important.
4. The assessed value is significantly lower than the 2023 sale price. What does this mean?
Municipal assessed value is for tax purposes and often lags behind the current market. The 2023 sale price of $390k is a much more accurate reflection of its recent market value, though the assessment suggests property taxes may be relatively moderate.
5. What are the less obvious considerations for a 1954 bungalow?
While the basement is renovated, core systems like plumbing, electrical, insulation, and the foundation are original to the 72-year-old structure. A thorough inspection is crucial to understand the condition and potential future needs of these older components.