Property Overview: 952 Riviera Crescent, Crescent Park, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home on a quiet crescent offers a practical and efficient living arrangement. Its key features include a renovated basement and a detached garage. Built in 1974, it is notably newer than many homes in the established Crescent Park neighbourhood, suggesting potentially fewer immediate updates compared to older peers.
The primary appeal lies in its balance and location. The lot size, while below average for the immediate street, is generous by city-wide standards, offering good outdoor space. The living area is comfortably sized for a smaller household and is on par with the broader city average. The home’s assessed value is positioned below average for its prestigious neighbourhood, which can represent a relative value proposition for gaining entry into the area. This property would best suit first-time buyers, downsizers, or pragmatic investors seeking a lower-maintenance, single-level home in a mature community without the premium price tag of a larger, renovated property on the same street. It’s a home that offers neighbourhood benefits over sheer square footage.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others in the area?
At 1,120 sqft, the living area is smaller than most direct neighbours on Riviera Crescent but is very close to the average size for both the wider Crescent Park neighbourhood and the city of Winnipeg as a whole.
2. Is the land size typical for the location?
The 4,940 sqft lot is smaller than most on this specific street and in the Crescent Park area. However, it is still a substantial size and is actually near the city-wide average for lot area.
3. What does the assessed value indicate?
The assessed value is below the neighbourhood average. This often reflects the home’s more modest size and configuration compared to larger, potentially more updated homes in Crescent Park, not necessarily the condition. It can indicate a more accessible price point for the area.
4. The home was last sold in 2017. What should I consider?
Since the last sale seven years ago, the owner may have made updates not captured in the basic metrics. A key focus should be on the condition and quality of the basement renovation, along with any other systems updated during that period.
5. Who might this property not suit?
Buyers seeking a large, turn-key home that is the biggest or newest on the block may find it modest. It’s also less suited for those needing extensive main-floor living space, as the layout is efficient rather than expansive. The value here is in the land location and neighbourhood character more than in sheer scale.