Property Overview
This 1912 two-storey home on Grosvenor Avenue in Crescentwood offers a classic Winnipeg character home experience. Its primary appeal lies in its generous proportions and established location. With over 2,200 square feet of living space on a large 6,000+ square foot lot, it provides substantial room, ranking well above the citywide average for size. The home sits on a quiet, tree-lined street in a desirable neighbourhood, offering a blend of residential calm and convenient access to nearby amenities like parks, schools, and shopping.
The property suits buyers looking for a project-in-waiting with solid fundamentals. It’s ideal for someone seeking the architectural character of a century-old home and who has the vision and budget for updates. The basement exists but is unrenovated, and there is no garage, pointing to a buyer comfortable with incremental improvements. A less obvious perspective is its value as a "land bank" in Crescentwood; the lot size is a significant asset that may appeal to those thinking long-term about the property’s potential, whether for expansion, garden space, or future redevelopment.
Frequently Asked Questions
1. What is the true condition of the home, given its age?
Built in 1912, the home will likely have the expected maintenance needs of a century-old property, such as potential updates to plumbing, electrical, or windows. A thorough professional inspection is essential to understand the scope of work required.
2. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is often significantly lower than market value. The home last sold for $560,000 in 2021, which is a more relevant benchmark for current market expectations.
3. What are the implications of not having a garage?
Buyers should consider the cost and feasibility of adding a garage or carport in the future, as well as the practicality of street parking year-round, especially during Winnipeg winters.
4. Is the unrenovated basement finished or usable?
The listing specifies the basement is "not renovated." This typically means it is in a rough, unfinished state suitable for storage and utilities, but presents an opportunity for future development into living space.
5. How does this home compare to others in Crescentwood?
The data shows this home is very typical for the Crescentwood area in terms of living area, lot size, and age. Its appeal is not in being an outlier, but in offering a standard, well-sized character home in a consistently sought-after neighbourhood.