Property Overview & Appeal
This well-situated one-storey home on Holly Avenue in Crescent Park offers a compelling blend of space, location, and value. Its key characteristic is an exceptionally large, nearly 8,900 sqft lot, which places it in the top 11% for land size on its street and the top 9% citywide. This presents a rare opportunity for gardening, expansion, or simply enjoying generous outdoor space in a mature neighbourhood. The 1,422 sqft living area is comfortably above average for the immediate area, and the home features a renovated basement. Built in 1957, it is a classic, solid post-war home.
The primary appeal lies in its land value and established community. It suits a practical buyer looking for a long-term home with room to grow, whether that means adding a garage, creating a landscaped retreat, or eventually expanding the footprint. It would also attract value-conscious purchasers who prioritize lot size over a brand-new build, understanding that the existing structure provides a solid foundation to personalize over time. A less obvious perspective is that a lot of this size in a mature neighbourhood like Crescent Park offers a degree of privacy and buffer from neighbours that is increasingly hard to find, making it a quiet sanctuary close to city amenities.
Frequently Asked Questions
1. How does the assessed value relate to the likely market price?
The assessed value is for municipal tax purposes and is typically lower than market value. The last recorded sale was in 2016 for $33,100, so current market conditions and the value of the large lot will be the primary price drivers.
2. What does "renovated basement" typically mean for a home of this era?
While specifics should be verified, in a 1957 home this often means essential updates have been made, such as moisture control, proper flooring, and finished living space. It’s important to clarify the scope, permits, and whether it includes a separate entrance.
3. Is the detached garage included?
The listing data confirms a detached garage is present. Its size, condition, and exact location on the large lot should be verified during a viewing.
4. How does the age of the home affect maintenance?
Built in 1957, major systems like the roof, plumbing, and electrical may be original or have been updated over time. A pre-purchase inspection is highly recommended to budget for any necessary modernizations or repairs common to homes of this vintage.
5. Why is the lot size considered such a significant feature?
At 8,890 sqft, the lot is substantially larger than the average in Winnipeg (~6,570 sqft). This not only provides ample outdoor space but also represents a tangible asset that appreciates independently from the building. It offers future potential and is a permanent feature that cannot be replicated in newer, denser subdivisions.