Property Overview
This 1913 two-and-a-half storey home on Grosvenor Avenue in Crescentwood offers a blend of historic character and practical space. Its key appeal lies in its generous proportions: a 6,060 sqft lot places it above average for the street, and the 2,590 sqft of living area is notably spacious compared to most Winnipeg homes. The property features a detached garage and a renovated basement. While its assessed value is below average for the immediate area, this can represent an entry point into a desirable neighbourhood. The home suits buyers looking for a classic, roomy character home with outdoor space, who are comfortable with the upkeep of a century-old property and may see value potential in a well-located, older home.
Key Considerations & FAQs
1. Why is the assessed value lower than many neighbours?
Assessed value for tax purposes doesn't always equal market value, especially for older homes. It can reflect specific attributes, older systems, or the timing of the assessment. The sale price from 2019 may be a more current reference point for market value.
2. What does "renovated basement" mean?
The listing confirms the basement is renovated, but the scope and quality are unspecified. Buyers should inquire about the finish, ceiling height, permits, and whether it's a legal suite or simply improved living space.
3. How does the age of the home (1913) affect it?
A 113-year-old home has undeniable charm but requires diligent inspection. Key considerations include the condition of the foundation, original wiring and plumbing updates, insulation, and the efficiency of the heating system. Budgeting for ongoing maintenance is essential.
4. Is the lot size a major advantage?
The lot is larger than many on the street, offering more private outdoor space, potential for gardening, or future additions like a deck. However, it also means more yard maintenance compared to a standard city lot.
5. Who would this home suit best?
It's ideal for buyers who value space and character over modern, turn-key condition. It could appeal to a family seeking room to grow, someone interested in gradually restoring a classic home, or a buyer prioritizing a prime Crescentwood location who is prepared for the realities of an older property.