Property Overview: 61 Riley Crescent, Crescent Park, Winnipeg
Key Characteristics & Appeal
This is a well-situated, one-storey home built in 1953, offering a practical and grounded living opportunity in the Crescent Park neighborhood. Its primary appeal lies in its solid, average positioning across nearly all metrics for the local area, presenting a stable and predictable option without extreme outliers. The 1,113 sqft living space and 5,494 sqft lot are both comfortably within the typical range for Riley Crescent itself, suggesting a home that fits the established character of the street.
A key feature is the renovated basement, which adds valuable finished space and modern convenience to the classic floorplan. The detached garage provides flexible storage or workshop potential. For buyers, this property suits those seeking a move-in-ready home in a mature neighborhood without the premium price tag of a larger lot or a fully modernized build. It’s particularly fitting for first-time homeowners, downsizers looking for single-level living, or pragmatic investors who value the stability of a home that consistently performs at or near the neighborhood median in terms of size, value, and lot dimensions.
Frequently Asked Questions
1. How does this home truly compare to others in the area?
The data shows it is consistently "around average" for Riley Crescent and the wider Crescent Park area in living area, assessed value, and land size. It’s not the largest or newest on the block, but it firmly avoids being the smallest or most dated, representing a middle-of-the-road option in this specific community.
2. What does the "renovated basement" likely entail?
While specific finishes aren't listed, a renovated basement in a 1953 home typically means updated livable space, possibly including a rec room, additional bedroom, or modernized laundry area. It’s a significant functional upgrade that adds usable square footage beyond the main floor.
3. Is the lot size a disadvantage?
At just over 5,400 sqft, the lot is below the average for the broader Crescent Park neighborhood but is closer to the average for Riley Crescent itself. This means smaller yard maintenance, which could be a benefit for some, while still providing decent outdoor space. It is not an unusually small parcel for this specific street.
4. Who might find the "average" rankings appealing?
Buyers wary of overpaying for top-tier stats or inheriting the challenges of a true "fixer-upper" may find this appealing. The average rankings suggest a home that should be reasonably priced in line with the market and less likely to have unexpected valuation issues compared to properties with very high or very low metrics.
5. What is indicated by the sale history?
The home sold in August 2021 for $42,500. The significant difference between that sale price and the current assessed value ($39,200) suggests that the 2021 sale may have been a non-arms-length transaction (such as between family members) or a sale of the land only, and is not reflective of current market value. Relying on the assessed value and recent comparable sales is more instructive.