Property Overview
58 Fletcher Crescent is a well-maintained, one-storey home built in 1953, situated on a generous lot in Winnipeg's Crescent Park neighborhood. Its appeal lies in its solid, no-fuss practicality. The home offers a renovated basement, adding valuable living space to its 1,188 sqft footprint. While the house itself is modest in size compared to some city-wide averages, it stands out for its larger-than-average land area (6,901 sqft), offering excellent outdoor potential. The property last sold in August 2022 for $470k, and its current assessed value positions it as an average offering within its immediate area, suggesting a stable, established value.
This home would suit first-time buyers or downsizers looking for a manageable single-level layout in a mature neighborhood. It's also a fit for those who value a sizable yard for gardening, pets, or future expansion over a large interior. The renovated basement adds flexibility for a growing family, a home office, or a recreational space.
Key Questions & Considerations
What is the property's true value proposition?
The data suggests the value here is in the land and location more than the structure. You're acquiring a solid, updated home on a lot that is larger than most in the city, within a stable neighborhood. It's a property with a strong foundation, both literally and in terms of investment.
How does the assessed value relate to market price?
The assessed value for taxation purposes ($38.70k) is not a market price. It's a standardized valuation used by the city. The market price is determined by recent sales, like the 2022 sale at $470k, and current conditions. Always rely on a professional market evaluation for pricing.
Is the living space sufficient for a family?
At 1,188 sqft plus a renovated basement, it provides essential space for a small to medium-sized family. The single-storey design means all main living areas are on one level, which can be efficient. The generous lot also effectively extends the living space outdoors during warmer months.
What does the "around average" ranking mean for the area?
For most metrics like living area and assessed value, this home ranks in the middle of the pack for Crescent Park. This isn't a negative; it indicates the property is typical for the neighborhood, which can be reassuring. You're not overpaying for premium features, nor are you buying a notable outlier.
What are the implications of a 1953 build date?
A home of this age comes with character and mature landscaping but requires diligent inspection. While the basement has been renovated, attention should be paid to the core systems: roof, wiring, plumbing, and foundation. A well-maintained home from this era can be very sound, but potential updates should be factored into planning.