Property Overview: 965 Crescent Drive, Crescent Park, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1947 on a standard city lot. Its key features include a detached garage and an unfinished basement. The primary appeal lies in its position as an entry point into the established Crescent Park neighbourhood, offering a relatively affordable opportunity where many surrounding homes are larger and more valuable. The lot size is generous for the area, providing outdoor space potential.
The home suits specific buyer types well. It’s a practical candidate for a first-time buyer comfortable with a home that may require updates, or an investor looking for a rental property in a stable area. Its smaller living space (716 sqft) makes it manageable for downsizers or those seeking a low-maintenance footprint. A thoughtful perspective is that its "below average" metrics for the immediate street and neighbourhood aren't necessarily drawbacks; they represent the character of a mature area and explain the accessible price point, allowing one to gain a foothold in a desirable community.
Frequently Asked Questions
1. Is this a fixer-upper?
The listing notes the basement is "not renovated," and the home's age suggests some systems may be original. Buyers should budget for updates, though the core structure appears sound.
2. Why is the assessed value so much lower than recent sale prices?
Municipal assessed value for tax purposes often lags behind market value, which is determined by what buyers are currently willing to pay, as shown by the 2022 and 2023 sales.
3. How does the size compare to nearby homes?
This home's living area is significantly smaller than most in Crescent Park and on Crescent Drive itself, which is a key factor in its pricing.
4. What is the potential for future expansion?
The existing footprint and lot size could allow for additions or a significant renovation, subject to local zoning and permit approvals.
5. Is the neighbourhood trending?
Recent sale prices here have held steady above the assessed value, indicating sustained buyer interest in the area, even for its more modest homes.