Property Overview: 1185 Corydon Avenue, Crescentwood, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1946 on a standard-sized lot in the desirable Crescentwood neighborhood. Its primary appeal lies in its location on Corydon Avenue, placing the homeowner in the heart of a vibrant, walkable area with immediate access to shops, cafes, and services. The home itself is modest, with 731 sqft of living space, which is notably smaller than most homes in Crescentwood. It features a basement (not renovated) and a detached garage.
The property suits specific buyer profiles perfectly. It is an ideal entry point into a premium neighborhood for a first-time buyer or a downsizer who prioritizes location over square footage and is prepared for a home that may require updates. It also presents a clear opportunity for an investor or builder, as the land value in this area likely significantly underpins the property's price. The assessed value is average for the street but well below the neighborhood average, highlighting the potential value in the lot itself. A thoughtful perspective is that this home offers a chance to live a low-maintenance, efficient lifestyle in a high-amenity area without the burden of a large, aging house typical of the neighborhood.
Frequently Asked Questions
1. Is the house in good condition?
The listing notes the basement is "not renovated," which suggests the home is likely dated and may require modernization. Prospective buyers should budget for updates and include a thorough inspection.
2. Why is the assessed value so much lower than the neighborhood average?
The assessed value is relative to the home's very small size and probable condition compared to the larger, often renovated character homes that define Crescentwood. The value is driven more by its desirable location and land than by the current structure.
3. Is the lot large enough for future expansion or redevelopment?
The lot is approximately 5,000 sqft, which is average for Corydon Avenue but smaller than the typical Crescentwood lot. Any expansion or redevelopment plans would need to be checked against local zoning bylaws and setback requirements.
4. What are the implications of living directly on Corydon Avenue?
You'll enjoy unparalleled walkability and convenience. However, you should anticipate higher pedestrian and vehicle traffic, including potential noise, compared to a quiet residential side street.
5. How does the recent sale history influence the current price?
The property sold for $31,100 in May 2021. The current assessed value is $31,900. This history indicates stable value in recent years, but the listing price will ultimately reflect current market conditions for a well-located, compact property.