Property Overview
1107 Dorchester Avenue is a 1945-built two-storey home in Winnipeg's established Crescentwood neighbourhood. It sits on a 4,249 sqft lot and features 1,352 sqft of living space, a detached garage, and a basement that is present but not renovated. The home recently sold for $375,000.
Key Characteristics & Appeal
This property’s primary appeal lies in its location and the value proposition of its lot. The home is situated on a desirable street in Crescentwood, a neighbourhood known for its mature charm and central convenience. While the living space is modest compared to others in the immediate area, the lot size is competitive for the street, offering potential for expansion or outdoor enjoyment. The house itself, built in 1945, is notably newer than many neighbouring homes, which could mean fewer concerns related to very old infrastructure.
It would suit a specific type of buyer: someone seeking an entry point into a prime neighbourhood who is comfortable with a home that may require updates. It’s a practical choice for a downsizer wanting location over square footage, or for a hands-on buyer who views the functional but unrenovated basement and the solid lot as a canvas for future improvement. The recent sale price suggests it represented a more accessible price point within Crescentwood.
Frequently Asked Questions
Q: How does the size of this home compare to others nearby?
A: The living area is below the average for both Dorchester Avenue and the broader Crescentwood area, indicating a more compact home. However, the lot size is around average for the street, which is a positive attribute.
Q: Is the basement finished or usable?
A: The listing specifies the basement exists but is "not renovated." Buyers should anticipate it being in a rough or utility state, requiring work to finish it as living space.
Q: What does the "Assessed Value" mean in relation to the sale price?
A: The city's assessed value was $410,000. The home sold for $375,000, which is below that assessment. Market conditions, property condition, and specific buyer motivations ultimately determine the final sale price.
Q: The home is noted as being "newer" than many on the street. How significant is that?
A: Built in 1945, it ranks in the top 20% for year built on its street, where the average home was built in 1926. This relative newness could imply updates to original systems or construction methods, but an inspection is still essential.
Q: Who would this property not be suitable for?
A: It likely wouldn't suit a buyer seeking a large, move-in-ready home or a family needing significant immediate living space. The below-average living area and unrenovated basement mean the value is primarily in the location and lot, with interior updates left to the new owner.