1053 Mcmillan Avenue

Property Overview

This 1,210 sqft one-and-a-half storey home, built in 1948, sits on a 3,998 sqft lot in Winnipeg's established Crescentwood neighbourhood. It features a renovated basement and a detached garage. Key data reveals a property of contrasts: its living space is notably smaller than most in Crescentwood, yet it sits on a desirable street where its assessed value is competitive. The 2019 sale price of $330k provides a recent market benchmark.

Key Characteristics & Appeal

The primary appeal of this home is its location on a well-regarded avenue within a mature, sought-after neighbourhood. It presents an opportunity for entry into Crescentwood at a potentially more accessible price point, largely due to its modest square footage relative to area norms. The renovated basement adds functional living space, a valuable update for a home of this era.

It would suit a buyer who prioritizes location and character over sheer size—perhaps a small household, a first-time buyer aiming for a prime area, or an investor attracted by the stable, long-term value of the neighbourhood. A thoughtful perspective is that while the home is smaller than its immediate peers, its average citywide ranking for size suggests it’s a comfortable fit for many, just in a neighbourhood of larger, often grander, homes. The lot size, while smaller than the Crescentwood average, is still generous by city standards and offers classic urban outdoor space.

Frequently Asked Questions

1. Is this a "teardown" or renovation project?
Given its competitive assessed value for the street and the presence of a renovated basement, it appears to be a functional, lived-in home rather than a vacant lot candidate. Its value lies more in its existing structure and location than purely in its land.

2. How does the 2019 sale price relate to today's assessed value?
The assessed value is notably lower than the 2019 sale price. This is not uncommon, as municipal assessments for tax purposes often lag behind current market values and use different valuation methods. The sale price remains a critical recent data point.

3. What does "below average" for living area in Crescentwood really mean?
It means most homes in this specific neighbourhood are larger. However, the home's size is much closer to the Winnipeg citywide average. This highlights Crescentwood as an area of generally larger, older homes, making this a more compact option within it.

4. What are the implications of the detached garage?
A detached garage is typical for homes of this vintage and lot size. It offers flexibility (workspace, storage) but may be less convenient than an attached garage during Winnipeg winters. Its condition would be an important viewing consideration.

5. The home is newer than most on its street. Is that an advantage?
Yes, generally. Being built in 1948, it is a generation newer than many neighbouring homes (street average: 1921). This could suggest updates to core systems may have occurred later, and the layout might reflect somewhat more modern living standards, while still offering classic character.