Property Overview: 31 Fletcher Crescent, Crescent Park, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Crescent Park is defined by its generous, above-average lot size of over 8,200 square feet, placing it in the top tier of properties locally. Built in 1954, the home itself offers a renovated basement and attached garage, with a living area that is spacious for its immediate street. The standout feature is the land itself, offering significant outdoor space and potential that is increasingly rare within the city. Its appeal lies in this combination of a solid, updated foundation in a mature neighbourhood with the valuable asset of ample yard space. The property’s assessed value ranks highly, suggesting it is viewed as a premium holding in its area.
It would suit buyers looking for a established neighbourhood character with room to garden, entertain, or potentially expand. It’s a practical choice for those who value private outdoor space over a large interior footprint, and it represents a sound opportunity for someone willing to invest in a home where the land is a major component of its long-term value.
Frequently Asked Questions
1. How does the lot size compare to others?
The lot is a key advantage. At 8,246 sqft, it is significantly larger than the average for the street, neighbourhood, and even city-wide, placing it in the top 13% on its own crescent.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire directly about the finishes, permitted work, and whether it includes additional living space, a suite, or primarily functional updates.
3. The home was built in 1954. What should I consider?
While the structure is older, the renovated basement is a positive update. A pre-purchase inspection is essential to review the condition of major systems (roof, plumbing, electrical, foundation) common to homes of this era.
4. The assessed value seems high relative to the last sale price. Why?
The property is assessed at $50.30k, ranking in the top 5% on its street, while it last sold for $42.50k in late 2020. This difference likely reflects rising market valuations and the premium placed on its large lot. It’s a strong indicator of its perceived market value.
5. Is the living space sufficient for a growing family?
At 1,256 sqft, the main living area is above average for the street but around the neighbourhood average. The renovated basement could provide crucial additional space. The layout and number of bedrooms will be key factors, alongside the exceptional yard space for children and pets.