Property Overview: 19 Oriole Street, Crescent Park, Winnipeg
Key Characteristics & Appeal
This is a well-situated, one-storey home in Winnipeg's Crescent Park neighbourhood. Built in 1957, it features a renovated basement and a detached garage. With 1,183 sqft of living space on a 6,328 sqft lot, its size is very typical for its immediate street and area. The home’s standout characteristic is its assessed value, which ranks in the top tier (top 6%) on its street and well above average for the neighbourhood and city. This suggests it is a higher-valued property within its peer group, which could be due to its condition, specific location on the block, or the extent of renovations.
Its appeal lies in offering solid, established neighbourhood character with the practical benefit of an updated basement. The above-average lot size for the city provides good outdoor space potential. It would suit a buyer looking for a move-in ready, single-level living option in a mature area, who values a home that stands out in terms of municipal assessment compared to its neighbours. It’s a practical choice for empty-nesters, small families, or investors attracted to a property that appears to have been maintained or improved beyond the area's baseline.
Frequently Asked Questions
1. What does the "above average" assessed value really indicate?
While it signals the municipality values this property more than many comparable homes, it doesn't directly dictate market price. It can reflect factors like quality of renovations, a premium lot location, or superior condition, but a buyer's own inspection and market analysis are essential.
2. Is the renovated basement a legal suite?
The listing states the basement is renovated but does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and building codes if considering rental income potential.
3. How does the 2019 sale price relate to the current assessed value?
The property sold for $39.1k in 2019, and is now assessed at $44.7k. This increase highlights a significant rise in its municipal valuation over that period, a point for discussion with a real estate agent regarding current market value.
4. What are the implications of a 1957 build date?
While the home is older, its year built is actually newer than many on its street and in Crescent Park. This can be a slight advantage, but it still warrants thorough inspections for aging components like plumbing, electrical, and the roof, common to homes of this era.
5. The lot is above average city-wide but average for the neighbourhood. What does this mean?
You get a generous yard by Winnipeg standards, which is a plus. However, within desirable Crescent Park, lot sizes tend to be larger, so this property’s lot is typical for the area—offering space without being an outlier.