Property Overview & Key Characteristics
This one-and-a-half storey home, built in 1946, sits on a generous 6,750 sqft lot in Bruce Park. Its primary appeal lies in its established, spacious setting. The living area of 1,451 sqft is comfortably above average for the neighbourhood, and the property's assessed value consistently ranks well above local and city-wide averages, suggesting a solid and desirable location. The home features an attached garage and a basement that is present but not renovated, representing a clear opportunity for customization.
Its charm is rooted in its mature setting on Riverbend Crescent, offering a lot size that provides room to breathe and garden, which is increasingly valuable in city neighbourhoods. This property would suit a buyer who values space and potential over turn-key perfection. It’s ideal for someone with a vision for updates, whether gradual or all-at-once, who wants to put their own stamp on a home in a well-regarded area. The strong assessed and recent sale value metrics indicate it's a sound investment for those looking to build equity in a character neighbourhood.
Frequently Asked Questions
1. What does "one-and-a-half storey" typically mean for a home of this era?
This style usually features a main floor with principal rooms and a second floor under sloping roof lines, often creating cozy bedrooms with character. It's a classic Winnipeg design that maximizes space efficiently.
2. The basement is noted as "not renovated." What condition should I expect?
You should anticipate a functional but unfinished space. It likely has foundational systems (furnace, water heater) in place and offers ample storage or workshop area, but will require investment to convert into modern living space.
3. How does the lot size compare practically?
At 6,750 sqft, the lot is significantly larger than the Winnipeg average. This means more private outdoor space, greater distance from neighbours, and potentially more flexibility for additions, landscaping, or even future development, subject to zoning.
4. The home last sold in 2022. What does the price change indicate?
The sale price in 2022 was notably higher than the 2019 sale, reflecting the strong market of that time. The current assessed value aligns more closely with that 2022 sale, indicating the market has sustained value in this location.
5. Are there any obvious red flags based on the provided data?
The data itself doesn't show red flags, but two points warrant closer inspection: the age of the home (80 years) means a thorough inspection for foundational, roofing, and mechanical systems is essential, and the unrenovated basement should be checked for moisture or drainage issues common in older homes.