Property Overview: 982 Crescent Drive
Key Characteristics & Buyer Appeal
This one-storey home on Crescent Drive is defined by its compact, efficient layout and its significant, renovated basement. With 713 sq ft of living space, it is notably smaller than most homes in the Crescent Park area and across Winnipeg, positioning it as a minimalist or entry-level option. Its strong appeal lies in its generous, nearly 5,000 sq ft lot—which is close to the city-wide average—offering valuable outdoor space and potential in a mature neighborhood. The detached garage adds practical utility.
The home suits specific buyers: first-time purchasers seeking an affordable foothold in a well-established area, downsizers looking to reduce maintenance without sacrificing yard space, or investors interested in a character property with a modernized basement suite (subject to verification). A thoughtful perspective is that its 1918 build date, while requiring diligent upkeep, offers a charm and lot size rarely found in newer subdivisions. Its recent sale price of $290k, significantly below its $330k assessed value, may indicate a quick or as-is purchase, presenting an opportunity for a buyer comfortable with a vintage home's nuances.
Frequently Asked Questions
1. How does the home's size compare to others?
At 713 sq ft, the living area is well below average for the Crescent Park neighborhood and the city overall. This emphasizes efficient use of space and likely lower utility costs.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A viewing is essential to see the quality and determine if it’s a legal suite, a rec room, or additional living space.
3. Is the property a good value based on its assessment?
The home recently sold for $290,000, which is $40,000 below its $330,000 assessed value. This could reflect market conditions, the home’s specific condition, or sale terms, and may represent a value opportunity.
4. What should I consider with a home built in 1918?
While offering character, a 108-year-old home requires careful attention to foundational integrity, plumbing, electrical systems, and insulation. A thorough inspection is highly recommended.
5. How does the lot size benefit a smaller home?
The 4,948 sq ft lot is a key asset, providing ample outdoor space for gardens, entertaining, or future expansion (subject to zoning), which compensates for the compact interior floor plan.