Property Overview
This 1914 two-and-a-half storey home on Mcmillan Avenue in Crescentwood presents a classic Winnipeg character property with modern updates. Its key appeal lies in a desirable, established neighbourhood paired with a recently renovated basement, offering a blend of historic charm and functional living space. With a detached garage and a land size that is modest for Crescentwood but above average city-wide, it sits on a manageable lot.
The home would suit a buyer looking for an entry point into a prestigious neighbourhood without the footprint or maintenance of a larger estate. It’s particularly well-matched for small families, couples, or professionals who value location and character over sheer size, and who appreciate a home that has already seen some updates. A thoughtful perspective is that its "below average" metrics for the immediate area on factors like land and living space are precisely what can make it more accessible and manageable, offering the Crescentwood lifestyle with less overhead.
Frequently Asked Questions
1. How does the property’s size compare to the neighbourhood?
The home’s living space (1,554 sq ft) and lot size (3,030 sq ft) are below the Crescentwood average, but this is typical for many character homes in established central neighbourhoods. It offers a more compact and efficient layout compared to the area's larger estates.
2. What does the renovated basement include?
The listing confirms the basement is renovated but does not specify the finish or layout. This would be a key detail to clarify with the seller or listing agent to understand the added functional space.
3. Is the assessed value in line with the recent sale price?
The 2024 sale price was $370,000, while the assessed value is listed at $35,70k (interpreted as $357,000). This indicates the sale was reasonably close to the city's assessment, suggesting a stable market valuation.
4. What are the implications of the home’s age (1914)?
Built in 1914, the home is around the average age for Mcmillan Avenue. Buyers should anticipate the potential for character features but also prioritize a thorough inspection for aging components like wiring, plumbing, and the foundation, common for houses of this era.
5. How does the value compare to similar homes in other areas?
The assessed value is around average city-wide. The sale price reflects a premium for the Crescentwood location, as similar assessed values in other neighbourhoods (like Varsity View) may not command the same price due to lot size, condition, or area desirability.