Property Overview
This 1911 two-and-a-half storey home in Crescentwood is a property defined by its generous scale and prime location. Its primary appeal lies in offering substantial space—both in its 3,150 sqft living area and its 9,301 sqft lot—within one of Winnipeg’s most established neighbourhoods. The home ranks in the top tier city-wide for both living area and assessed value, indicating a property that is significantly larger and more valuable than the typical Winnipeg home. It features a renovated basement and a detached garage.
The home suits buyers looking for a classic, character-filled property with room to grow or customize, who are prepared for the stewardship of a century-old structure. Its elite city-wide rankings suggest it’s not a starter home, but rather a long-term investment for those valuing space, prestige, and location over modern build-year statistics. A thoughtful perspective is that this property offers a rare combination: a lot size that provides privacy and potential in a mature, inner-city setting, which is increasingly difficult to find. The appeal is less about the vintage of the home itself and more about the enduring value of the land and the neighbourhood it occupies.
Frequently Asked Questions
1. How does the 1911 build year impact the property?
While the age places it below the local average for year built, it is characteristic of Crescentwood’s historic housing stock. Buyers should budget for maintenance consistent with a century-old home and consider a thorough inspection, but also recognize that this age contributes to the neighbourhood’s charm and the home’s likely architectural character.
2. The assessed value is noted as $99.10k, but it sold for $86.50k in 2017. Why is this?
Manitoba uses a property assessment system for tax purposes that is not intended to reflect current market value. The assessed value is often significantly lower than what a home would sell for on the open market today. The 2017 sale price is a historical data point, but the current market value would be determined by recent comparable sales and present market conditions.
3. What does it mean that the living area is in the "Top 1%" city-wide?
This statistic means that, compared to all residential properties in Winnipeg, this home’s interior square footage is larger than approximately 99% of them. It is a truly spacious home by any city-wide measure, offering roominess that is now uncommon in new constructions, especially on inner-city lots.
4. Is the renovated basement a legal suite?
The provided information states the basement is "renovated" but does not specify it as a legal secondary suite or rental unit. Buyers interested in rental income or a mortgage helper should verify its legal status, permits, and compliance with local zoning with the seller and the city.
5. How does the detached garage affect the property's use?
A detached garage offers flexibility—it can be used for vehicle storage, as a workshop, or for additional storage without impinging on the main living space. However, it also means accessing your vehicle in the winter will require going outdoors. For some, this is a worthwhile trade-off for the additional outbuilding space and classic streetscape aesthetic it provides.