Property Overview: 1 Oriole Street, Crescent Park, Winnipeg
Key Characteristics & Appeal
This one-storey home in Crescent Park is a classic 1956 build on a generous 6,433 sqft lot, offering solid value and space. Its 1,324 sqft living area is notably above average for its immediate street and is complemented by a renovated basement, adding functional living space. The property includes a detached garage.
The primary appeal lies in its established neighborhood setting and its practical, above-average footprint both in the home and on the land. The renovated basement is a key modern update to the older structure. Data suggests it represents a stable, middle-of-the-road value proposition for the area, having sold recently at a price point that aligns with its assessed value.
This home would suit a buyer looking for a grounded, no-fuss property in a mature neighborhood—someone who values more interior and yard space over a newer build or premium finishes. It’s a practical choice for first-time homeowners seeking room to grow, or downsizers wanting single-level living without compromising on lot size. The recent sale also makes it a relevant comp for investors or buyers analyzing area trends.
Frequently Asked Questions
Q: How does the size of this home compare to others nearby?
A: The living area is a standout feature, ranking in the top 24% on its own street. It offers more interior space than most direct neighbors, while the lot size is also larger than many city-wide properties.
Q: The home was built in 1956. What should I consider?
A: While the basement has been renovated, the core structure is 70 years old. Prospective buyers should budget for updates to major aging components like the roof, windows, or plumbing, which are common for homes of this era.
Q: What does the recent sale price tell me?
A: The July 2024 sale price of $42.50k was close to its assessed value ($39.90k). This suggests the market validated the city’s assessment, indicating a stable, non-speculative value in the current market.
Q: Is the detached garage a pro or a con?
A: It depends on preference. It provides secure storage or workshop space but requires going outside to access your vehicle, which can be less desirable during Winnipeg winters compared to an attached garage.
Q: How does this property fit within the broader Crescent Park area?
A: Its assessed value is around the neighborhood average, but its building is slightly older than many in Crescent Park. This positions it as a potentially more affordable entry point into the area, offering land and living space that are competitive within the community.