Property Overview
113 Riley Crescent is a one-storey home with a renovated basement and a detached garage, situated on a 6,487 sqft lot in Winnipeg's Crescent Park neighbourhood. Built in 1953, the 1,050 sqft residence presents a practical opportunity in a well-established area. Its assessed value stands notably above the immediate street average, suggesting a perception of solid value or improvements relative to its closest peers.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of space, lot size, and location. The renovated basement adds functional living space, while the detached garage and generous lot offer flexibility for parking, storage, or outdoor projects. From a market perspective, the home's assessed value ranks in the top 17% on its own street, indicating it may be viewed as a stronger asset within its direct vicinity compared to the broader area.
It would suit a first-time buyer or downsizer looking for a manageable, single-level layout with room to grow in the basement. The large lot is a key asset for those valuing private outdoor space or future expansion potential in a mature neighbourhood. A thoughtful perspective is that while the living area is modest for the Crescent Park area, the above-average lot size citywide provides a valuable and increasingly rare commodity that isn't immediately reflected in square footage figures alone.
Frequently Asked Questions
1. How does the home’s value compare to the area?
The assessed value is above the average for Riley Crescent itself but aligns more closely with the averages for the wider Crescent Park neighbourhood and the city. This suggests the property holds its value well on its specific street.
2. Is the lot size typical?
At 6,487 sqft, the lot is close to the street and neighbourhood average. However, it ranks above average compared to the entire city, meaning it’s a larger-than-typical parcel for Winnipeg overall.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would require clarification from the seller or a viewing to understand the finish quality, layout, and whether it includes a separate entrance or legal suite potential.
4. How old is the home, and what might that mean?
Built in 1953, the home is of an age common for its street and neighbourhood. Buyers should budget for potential updates to major aging components like the roof, windows, or plumbing, which can be typical for homes of this era.
5. How active is the market on this street?
Sales data appears limited for the immediate area in recent years, with the last recorded sale for this property in 2017. This can make current market valuation more dependent on broader area trends and a professional appraisal.