Property Overview: 1012 Grosvenor Avenue, Crescentwood, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey character home, built in 1911, sits on a generous 6,000+ sqft lot in the established Crescentwood neighbourhood. With over 2,000 sqft of living space, it offers a classic floorplan and includes a detached garage. The home presents a balanced profile: its living space and assessed value are solidly average for the desirable Grosvenor Avenue streetscape and Crescentwood area, meaning it fits right into the fabric of this sought-after community. Its true standout is the lot size, which is above average for the street, offering valuable outdoor space and potential.
The appeal lies in a location that provides character and stability, without the premium price tag of a fully renovated or largest-in-class property. It’s a genuine opportunity to own a substantial home on a great lot in a prime neighbourhood, ideal for a buyer who sees value in "good bones" and location over turn-key perfection. This property would suit a practical buyer or family looking to put down roots in Crescentwood, who is prepared for the maintenance and potential updates expected of a century home and views the unfinished basement as a blank canvas for future customization.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others in the area?
The home’s assessed value is very typical for both Grosvenor Avenue and the wider Crescentwood neighbourhood, ranking near the middle. This suggests it is priced in line with area norms, not carrying an unusual premium or discount based on its core attributes.
2. Is the lot size a significant feature?
Yes. At over 6,000 sqft, the lot is larger than many on the same street and ranks above average city-wide. This is a less obvious but valuable asset, providing more private outdoor space, garden potential, and a greater sense of setting than is common in many urban homes.
3. What should I know about the home’s age and condition?
Built in 1911, it is older than most homes in Winnipeg. The listing notes the basement is unfinished and not renovated, which is a key consideration. Buyers should budget for ongoing maintenance typical of a century home and potential future updates to systems and finishes.
4. How does the living space compare to nearby homes?
At just over 2,000 sqft, the living area is slightly below the average for comparable homes on Grosvenor Avenue and in Crescentwood, but it remains a spacious family home. City-wide, it is significantly above average, highlighting the generally larger scale of homes in this established area.
5. What is the context of the last sale price?
The home sold in November 2020 for $368,000. This historical data is a reference point, but the current assessed value and market conditions will be the primary drivers for any new listing price.