Property Overview: 762 South Drive, Crescent Park, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on South Drive is defined by its substantial and private grounds. Sitting on a 31,500 sqft lot, the property offers land space that ranks in the top 1% for both the Crescent Park neighborhood and the entire city. This creates a rare sense of seclusion and potential for gardens, recreation, or expansion that is increasingly hard to find within city limits. The 2,250 sqft living area is comfortably above the city average, and the home features a renovated basement and an attached garage.
The primary appeal lies in its established, elite location combined with exceptional outdoor space. While the house itself is from 1953, its assessed value places it in the top 3% of Crescent Park, indicating a premium address. It suits buyers who prioritize land and location over a brand-new build—specifically, those looking for a quiet, mature setting with room to breathe, yet still within a prestigious area. It would be ideal for a family seeking space for children and pets to play, or for someone who values gardening and outdoor entertaining on a grand scale. The renovated basement adds functional living space, appealing to those needing a rec room, home office, or separate suite.
Section 2: Frequently Asked Questions
1. How does the home’s value compare to its last sale price?
The home sold for $940,000 in April 2021. Its current assessed value is $1.08M, which reflects market appreciation and the premium value placed on large lots in this area.
2. Is the lot size typical for South Drive and Crescent Park?
No, it is exceptional. The lot is over 50% larger than the average on South Drive (20,278 sqft) and nearly four times the average lot size in the broader Crescent Park area (7,902 sqft).
3. What does the "Elite" ranking for Land Area and Assessed Value mean?
These badges indicate the property ranks in the top ~1-5% of all comparable properties city-wide for those specific metrics. It underscores that the lot size and official valuation are among the highest percentile in Winnipeg.
4. The home is from 1953. What should I consider?
While the structure is older, the basement has been renovated, suggesting some updates. A thorough inspection is essential to understand the condition of major systems (roof, plumbing, electrical, foundation) common to homes of this era, and to plan for any future modernization of the main living areas.
5. Who are the immediate neighbors, and how close are they?
The listing shows several nearby properties on South Drive, with the closest houses approximately 25-30 meters away. However, the very large lot size means the home likely enjoys more distance and privacy than is typical for the street.