Property Overview
1149 Mcmillan Avenue is a compact, one-storey home in Winnipeg's established Crescentwood neighbourhood. Built in 1946, it sits on a notably spacious lot of approximately 4,855 square feet, which is larger than most on its street. The home itself is modest in size at 693 square feet of living area and features a renovated basement and a detached garage. Its most recent sale was in 2017 for $26,100, with a current assessed value around the citywide average.
Key Characteristics & Appeal
The primary appeal of this property lies in its land value and location, rather than the size of the home. The lot is significantly larger than many neighbouring properties, offering rare potential for expansion, gardening, or outdoor space in a central area. The renovated basement adds functional living space to the small main floor. Its assessed value is uncommonly low for Crescentwood, suggesting it may be one of the more accessible entry points into this desirable neighbourhood.
This home would best suit a specific type of buyer: a land investor, a builder looking for a lot with an existing structure, or a hands-on individual seeking a true renovation or redevelopment project. It is not a move-in-ready family home but represents a strategic opportunity based on its land footprint and location. The low living area and dated main structure are trade-offs for the lot's potential and the neighbourhood's prestige.
Frequently Asked Questions
1. Is this a teardown property?
While the home is small and older, it is a functioning house with a renovated basement. The decision to renovate, expand, or redevelop would depend on a buyer's plans, budget, and a professional inspection. The lot size certainly allows for such possibilities.
2. Why is the assessed value so much lower than other homes in Crescentwood?
The assessed value reflects the property's current state—specifically its very small living area and older structure—compared to the larger, more updated homes typical in the area. The value is primarily in the land.
3. What is the neighbourhood like?
Crescentwood is a mature, sought-after neighbourhood known for its tree-lined streets, character homes, and central location near parks, the Assiniboine River, and amenities. This property offers a chance to be in that neighbourhood at a different price point.
4. Can the house be added onto?
Given the generous lot size, there is clear physical space to expand the existing structure. Any addition would require proper permits, design work, and must comply with local zoning bylaws.
5. What does "renovated basement" include?
The listing notes the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or agent to understand the home's total usable living space and condition.