Property Overview: 34 Oriole Street, Crescent Park, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Crescent Park is defined by its generous, above-average lot size—a standout feature on its street and within the wider city. Built in 1956, the home features a renovated basement, adding valuable finished space to the 1,096 sqft main living area. Its appeal lies in the balance of a substantial, private outdoor parcel with the practical benefits of recent updates below grade. The property’s assessed value is notably modest compared to many neighbours, suggesting potential value in the land or an opportunity for the right buyer.
This home would suit a first-time buyer or downsizer looking for a manageable single-level layout in an established neighbourhood, with the space and foundation to personalize over time. It’s also a thoughtful choice for a buyer who prioritizes yard space over a large interior footprint, or who sees the lower assessment as a strategic entry point into the area. The absence of a garage is a trade-off for the lot size, appealing to those who envision a garden, addition, or future detached garage.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A viewing is essential to assess the quality, ceiling height, and whether it includes a legal bedroom or secondary living space.
2. How does the lot size compare practically?
At 6,438 sqft, the lot is larger than over 75% of properties citywide. This means more privacy, gardening space, and room for outdoor amenities than typical Winnipeg lots, but also more maintenance.
3. Why is the assessed value relatively low?
The assessed value is below average for both the street and neighbourhood. This can be due to the home's smaller living area, age, or the assessment methodology. It does not directly dictate market sale price, but can influence property taxes.
4. Is the 2021 sale price a reliable indicator of current value?
The $360k sale in 2021 is a key data point, but market conditions have shifted. It establishes a previous benchmark, but a current appraisal or comparative market analysis is needed for today’s value.
5. What are the implications of having no garage?
Parking will be limited to driveway or street. This affects convenience, vehicle security, and storage. Buyers should consider the cost and feasibility of adding a garage or carport in the future, factoring in the ample lot space which could accommodate one.