Property Overview: 1192 Dorchester Avenue, Crescentwood, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1943, presents a unique opportunity in the desirable Crescentwood neighbourhood. With 1,063 sqft of living space and a renovated basement, it is notably more compact and manageable than most homes in this area, where comparable properties average nearly twice the size. This positions it as a relatively affordable entry point into a prestigious community known for its mature trees and established character.
The home’s primary appeal lies in its location and lot. Situated on a 4,247 sqft parcel, the property includes a detached garage and offers the potential of a classic Crescentwood streetscape. Its assessed value is significantly below the neighbourhood average, which may indicate an opportunity for a buyer willing to invest in updates. This property would suit a first-time buyer or downsizer seeking a foothold in Crescentwood without the upkeep of a larger estate, or an investor looking for a character home in a high-demand area. A thoughtful perspective is that its smaller scale and below-average assessment for the area could mean lower property taxes relative to neighbours, adding to its affordability long-term.
Frequently Asked Questions
1. How does the size of this home compare to others in Crescentwood?
It is significantly smaller than the neighbourhood average. With just over 1,000 sqft of living space, it ranks in the bottom 10% for size in Crescentwood, where comparable homes average about 2,353 sqft.
2. What does the assessed value tell us?
The assessed value of $37,200 is below the Crescentwood average. This suggests the property may be valued lower due to its smaller size, older age, or condition relative to others in the area, which is reflected in its sale history.
3. Is the land size typical for the area?
The lot is approximately 4,247 sqft, which is below the Crescentwood average of about 6,970 sqft. However, it is closer to the city-wide average and provides a decent outdoor space for the home’s footprint.
4. When was it last sold, and for how much?
The home was sold in December 2021 for $320,000. This sale price context can be useful for understanding current market positioning.
5. What are the less obvious considerations for a buyer?
Built in 1943, the home is actually newer than many in Crescentwood, which may mean updated infrastructure compared to older neighbourhood homes. However, its smaller stature on a street of larger properties requires a buyer to value location and lot potential over immediate square footage. The renovated basement adds functional space, which is a key asset in a home of this size.