Property Overview
1049 Dorchester Avenue is a 1921-built, two-storey home in Winnipeg's established Crescentwood neighbourhood. Its key characteristic is its modest scale relative to its surroundings. With 1,056 sqft of living space on a 3,032 sqft lot, it is notably smaller than the average Crescentwood home, which often features larger estates. This presents a unique value proposition: entry into a prestigious area at a potentially more accessible point. The home features a renovated basement and a detached garage.
Its appeal lies in its location and practicality. It suits first-time buyers or downsizers seeking the cachet and mature streetscapes of Crescentwood without the maintenance of a much larger property. It's also a sensible option for investors or renovators looking for a character home in a high-demand area where the land value is a significant driver. A thoughtful perspective is that its "below average" size for the area is precisely what makes it manageable and financially viable for a different segment of buyers, offering a foot in the door of a neighbourhood where most properties are out of reach.
Frequently Asked Questions
1. Is this a good value for the Crescentwood area?
Based on the assessed value of $380k, which is below the neighbourhood average, it represents a more accessible price point for this sought-after location. The 2016 sale price of $28.8k suggests a potential major renovation or rebuild, so value will depend heavily on the home's current condition.
2. How does the lot size compare?
The lot is 3,032 sqft, which is compact for Crescentwood (where averages are nearly 7,000 sqft) but is close to the city-wide average. It offers outdoor space without the extensive upkeep of a much larger yard.
3. What should I know about the home's size?
The living space is 1,056 sqft, which is cozy. It's significantly smaller than typical homes on the street and in Crescentwood, but it is close to the average size for a Winnipeg home overall. This indicates a efficient, likely character-driven layout rather than a sprawling one.
4. Who might this property not suit?
Buyers seeking a large, turn-key family home with ample square footage and a big yard typical of Crescentwood may find this property too compact. It's better suited for those prioritizing location over sheer size.
5. What does the "renovated basement" imply?
While specifics aren't provided, a renovated basement in a 1921 home suggests updated living or utility space. It's important to verify the quality, permits, and moisture control of this renovation, as basements in century-old homes can be prone to issues.