Property Overview: 964 Crescent Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Crescent Drive is a compact, no-frills property built in 1952. With 733 sqft of living space and a detached garage, it sits on a roughly 4,400 sqft lot. The home’s assessed value is notably low, and its living area is smaller than most comparable homes in the immediate area and citywide.
Its primary appeal lies in its position as an accessible entry point into the Crescent Park neighborhood. This is a property for practical, value-focused buyers. It would suit a first-time homebuyer seeking minimal upkeep, an investor looking for a straightforward rental property, or someone interested in the land value with future redevelopment in mind. The recent sale in 2023 suggests it’s a turnkey option, but the below-average metrics indicate it’s not a recently renovated or expansive home. A thoughtful perspective is that its smaller size and efficient lot could represent lower utility costs and less maintenance, offering a simpler, more affordable lifestyle in a established area.
Section 2: Frequently Asked Questions
1. Is this a "fixer-upper" or a move-in-ready home?
Based on the data, it was sold very recently in August 2023. This suggests it is likely habitable and was recently on the market, but the listing notes the basement is "not renovated." Major updates may be deferred.
2. Why is the assessed value so much lower than the citywide average?
The assessed value reflects the property's specific characteristics: its smaller size, older age, and likely modest condition compared to the broader Winnipeg market. It is assessed in line with similar-valued homes in other neighborhoods.
3. What does the "below average" ranking for living area mean for daily life?
The home's living space is significantly smaller than most in Crescent Park. This means efficient use of space is essential. It may be cozy for a small household but could feel cramped for those needing multiple dedicated rooms or ample storage.
4. Is the lot size a pro or a con?
At 4,399 sqft, the lot is around the city average but smaller than most in Crescent Park. This is a pro for those wanting less yard maintenance. However, it may limit possibilities for large additions or extensive outdoor amenities compared to neighbors.
5. How stable is the property value in this location?
The home has sold twice in the last decade (2016 and 2023), showing consistent market activity. Its value appears closely tied to its functional utility and the overall demand for affordable entries into the neighborhood, rather than luxury features.