Property Overview
This one-storey home at 73 Riley Crescent in Winnipeg's Crescent Park neighbourhood presents a practical opportunity with specific appeal. Built in 1955, its key characteristic is a recently renovated basement, adding modern living space to the classic bungalow layout. The property sits on a 5,493 sqft lot with a detached garage. Its living area of 1,089 sqft is modest for the immediate neighbourhood but aligns with broader city averages.
The appeal lies in its balance and potential. While the house itself is not large, the renovated basement effectively expands the usable space. The lot size is manageable, offering outdoor space without being burdensome to maintain. A less obvious strength is the home's relative age within its immediate area; being built in 1955 makes it newer than many houses on Riley Crescent, suggesting potentially fewer concerns associated with very early 20th-century construction. It would suit first-time buyers seeking a solid starter home with some updates already done, or downsizers looking for a single-level living option in an established area without a massive property to upkeep.
Frequently Asked Questions
How does the lot size compare to others nearby?
The land area is below average for both Riley Crescent and the broader Crescent Park area, but is very close to the average lot size across the entire city of Winnipeg. It's a manageable size.
What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not provide specific details on the finish, rooms, or permits. This would be a key point to clarify with the seller or their agent.
Is the sale price consistent with the assessed value?
The home sold for $430,000 in July 2023, which was significantly higher than its assessed value at the time (approximately $40,100). This is not uncommon, as assessed values for taxation purposes often differ from market sale prices. The sale price was in the top 20% for the street.
How does the living space compare?
With 1,089 sqft of living area, the home is slightly below the average size for the Crescent Park neighbourhood. The renovated basement is a crucial factor here, as it likely provides additional finished space not fully reflected in the main floor square footage.
What is the neighbourhood context of Riley Crescent?
The data shows this specific street has a mix of older and newer homes than 73 Riley Crescent. The home's 1955 build date is actually in the top 4% (newer) for the street, indicating it is among the more recently built houses in that particular block.