978 Crescent Drive

Property Summary: 978 Crescent Drive, Crescent Park, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-storey home built in 1955, featuring a renovated basement and a detached garage. With 939 sqft of living space, it is notably smaller than most homes in the immediate Crescent Park area, positioning it as a more manageable and potentially affordable option within the neighbourhood.

Its primary appeal lies in its location within a well-established community and its recent basement renovation, which adds modern, functional space. The property sits on a 4,398 sqft lot, which is smaller than area norms but still provides decent outdoor space for a home of this size. The assessed value is modest compared to nearby homes, suggesting a potentially lower entry point into the neighbourhood.

This home would best suit first-time buyers, downsizers, or practical investors seeking a lower-maintenance property in a mature area. It’s for those who prioritize location and a modernized interior over square footage or a large yard. A thoughtful perspective: its smaller size and below-average assessments for the street and area could mean less property tax burden and lower utility costs, offering financial efficiency that isn't always apparent in a listing.

Section 2: Frequently Asked Questions

1. How does the home's size compare to the neighbourhood?
At 939 sqft, the living area is below the average for both Crescent Drive and the wider Crescent Park area. This makes it one of the more compact homes in the neighbourhood, which is reflected in its pricing and value metrics.

2. What is the significance of the assessed value being "below average" for the area?
The home's assessed value ranks in the bottom 10% for Crescent Park. This typically indicates a more affordable entry point into the area but can also correlate with the home's smaller size and lot dimensions compared to its neighbours.

3. Is the lot size a drawback?
The lot is 4,398 sqft, which is significantly smaller than the area average. While it offers less expansive outdoor space, it also translates to less yard maintenance. For the right buyer, this is a practical trade-off.

4. What does the "renovated basement" imply?
While specifics aren't provided, a noted renovation suggests the basement has been updated to be functional and livable, effectively adding to the home's usable space beyond the main floor's square footage.

5. Who might this property not suit?
It may not suit buyers looking for a large, sprawling family home with substantial yard space or those seeking a property at the top end of the area's market. Its value and size are positioned for practicality and efficiency.