Property Overview: 1203 Mcmillan Avenue, Crescentwood, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated two-storey home in the established Crescentwood neighborhood offers a blend of character and practical updates. Built in 1943, it sits on a generous 5,403 sqft lot with a detached garage. The home's 2,068 sqft of living space is notably above average for Winnipeg overall, and it features a renovated basement, adding functional living area.
Its primary appeal lies in its strong positional metrics within a desirable area. The property ranks in the top tiers for its street and city-wide for living space, assessed value, and lot size, suggesting a solid investment in a prime location. It suits buyers looking for a character home with modern touches in a mature neighborhood, who value space and location over a brand-new build. A thoughtful perspective is that while the home is newer than many on its street, its 1943 construction means it still carries the potential charm and build quality of that era, but a buyer should be prepared for the maintenance that comes with an 80-year-old structure. The recent sale in December 2024 provides a clear, current market valuation benchmark.
Section 2: Frequently Asked Questions
Q: How does this home compare in size to others in Crescentwood?
A: At just over 2,000 sqft, the living area is slightly above the average for the immediate street but is closer to the mid-range for the broader Crescentwood area. It offers ample space without being among the neighborhood's largest estates.
Q: What does the "above average" assessed value ranking mean?
A: The assessed value places the home in the top 15% on its street and top 20% city-wide. This typically indicates the property is considered more valuable than most comparable homes, often due to its location, lot, improvements, or a combination of factors.
Q: Is the lot size typical for the area?
A: The lot is larger than most on Mcmillan Avenue but is around the median size when compared to all of Crescentwood. It offers a good balance of yard space without the extensive upkeep of some of the neighborhood's largest properties.
Q: The home sold recently. Why is that significant?
A: The sale in December 2024 for $600,000 provides a transparent, up-to-date market price. This helps validate the assessed value and gives buyers a clear understanding of the home's very recent market worth, removing guesswork about its current value.
Q: Who might this property not suit?
A: It may not be ideal for those seeking a ultra-modern, low-maintenance home, as a house of this age may require ongoing updates. It also doesn't have a pool or an attached garage, which could be drawbacks for some buyers.