Property Overview: 766 South Drive, Crescent Park, Winnipeg
Section 1: Key Characteristics & Appeal
This 4-level split home, built in 1957, sits on an exceptionally large, private lot of over 34,000 sqft in the established Crescent Park neighborhood. Its primary appeal lies in the combination of generous, modernized living space (2,566 sqft) and a truly elite land parcel that offers rare potential for expansion, gardening, or simply enjoying expansive green space within the city. The home features a renovated basement, adding to its functional living area.
The property suits buyers looking for a long-term family home in a prestigious area, where the value is anchored as much in the land as in the dwelling itself. It’s ideal for those who appreciate established neighborhoods with mature landscaping and who may have a vision for customizing or potentially expanding a home over time. A thoughtful perspective is that while the house itself is above-average in size and condition, its standout feature is the land, positioning it as a legacy property in a city where lots of this size are increasingly uncommon. The recent sale price significantly above the assessed value suggests the market strongly recognizes this unique combination of a solid home on a premier lot.
Section 2: Frequently Asked Questions
1. How does the lot size compare to typical properties?
The lot is exceptionally large. It ranks in the top 1% of properties in Crescent Park and citywide, being over four times the size of an average Winnipeg lot.
2. Is the home recently updated?
The basement has been renovated. As the home is from 1957, buyers should anticipate that other systems and areas may benefit from modernization or updates over time.
3. What does the "Elite" ranking for the area mean?
The rankings show this property is among the very top tier of homes in Crescent Park for both living area and assessed value, indicating it's a premium offering within an already desirable neighborhood.
4. The sale price was much higher than the assessed value. Why?
Assessed value is for municipal tax purposes and often lags behind market value, especially for unique properties. The premium sale price likely reflects the high market demand for a large, private lot in a prime location, which isn't fully captured by the standard assessment formula.
5. What is the potential for this property?
The expansive lot offers significant potential for future enjoyment and investment. This could include additions to the existing home, building a secondary structure (subject to zoning), or simply maintaining a private, park-like setting that is rare in the city.