Property Overview
833 Lyon Street presents a well-proportioned, single-storey home in Winnipeg's Crescent Park neighbourhood. Built in 1951, its primary appeal lies in its generous scale relative to its price point. The 1,840 sqft living area is notably larger than most comparable homes on its street, in the neighbourhood, and across the city. It sits on a 7,026 sqft lot, which is above average citywide but more modest within the immediate area, suggesting a manageable outdoor space. The home lacks a basement and pool but includes an attached garage.
Its value proposition is clear: significant interior space and a solid lot size for what is, according to its recent sale and assessed value, a competitively priced entry. It suits practical buyers looking for room to grow without a premium price tag, or those seeking a single-level layout. A thoughtful perspective is that while the home is older than many in Crescent Park, it is actually one of the newer homes on Lyon Street itself, potentially indicating a more established, stable streetscape. The below-average assessment for the neighbourhood suggests an opportunity for value appreciation through updates.
Frequently Asked Questions
1. Is the lot size a pro or a con?
It's both, depending on priority. Citywide, the lot is above average, offering good outdoor space. However, within desirable Crescent Park, it's around average, and on Lyon Street specifically, it's below the street's norm. This translates to less yard maintenance than some neighbours but potentially less privacy.
2. What does the assessed value tell me?
The assessment is below the neighbourhood average but aligns with the street and city. This often indicates the home is a more affordable entry point into the area, but buyers should investigate if this reflects a need for modernization versus a pure value opportunity.
3. Who would this floor plan suit best?
The single-storey, no-basement layout is ideal for those seeking accessibility or who prefer to avoid stairs. The above-average living area is a significant benefit for families or those needing space, but the lack of a basement reduces storage or potential recreational space.
4. How does the year built affect this home?
Built in 1951, the home is older than most in Crescent Park but newer than most on its own block. Buyers should budget for updates consistent with a home of this age, such as windows, roof, and mechanical systems, while recognizing it's not the oldest on the street.
5. How does the recent sale price compare?
The November 2024 sale price of $36.5k was very close to its $36.9k assessed value. This suggests the sale was seen as fair and market-driven, providing a reliable, recent benchmark for the property's worth.