Property Overview
This one-storey home at 17 Riley Crescent in Winnipeg's Crescent Park neighbourhood presents a specific and compelling opportunity. Its primary appeal lies in its generous 7,867 sqft lot, which places it in the top 13% for land size on its own street and the top 12% city-wide. This is a significant asset in an established area. The home itself is more modest, with 1,025 sqft of living space that is below the neighbourhood average, and it retains its original 1953 construction date. A key updated feature is the renovated basement. The property includes a detached garage.
This home would best suit a buyer with a clear vision. It's an ideal candidate for those looking for a large yard in a mature neighbourhood—perfect for gardening, expansion, or future redevelopment. It also appeals to value-conscious purchasers willing to live with a smaller, older footprint while benefiting from a premier lot size and a lower price point reflected in its recent sale and assessed value. It's less suited for those seeking immediate move-in condition or spacious modern interiors without renovation work.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but specifics on the scope, finish quality, and whether it includes legal egress or additional living space are not provided. This would be a key point for inspection and discussion with the seller.
2. How does the large lot size impact costs and potential?
While the lot is a major asset, buyers should consider that property taxes may be influenced by land value, and maintenance (like lawn care or snow clearing) of a nearly 8,000 sqft plot requires more time or expense. The size does create clear potential for additions, a garden suite, or future redevelopment, subject to city zoning.
3. The living area is noted as "below average." How does the layout feel?
At 1,025 sqft, the home is compact for a detached house. The flow and room sizes may feel cozy, especially by modern standards. The renovated basement could effectively double the usable space, depending on its finish and layout, making the overall footprint more comfortable.
4. Is the 1953 build date a concern?
The home is of an age where major systems (roof, plumbing, electrical, foundation) may be at or beyond their typical lifespan, even if functional. A thorough inspection is essential to understand the condition and prioritize any necessary updates, balancing the lot's appeal with potential maintenance liabilities.
5. How does the detached garage affect winter use?
A detached garage, especially on a large lot, means exposed travel to and from your vehicle in Winnipeg winters. While it provides storage and parking, the convenience factor is lower than an attached garage. Assessing its condition and distance from the house is advisable.