Property Overview
This 1911 two-and-a-half storey home in Crescentwood presents a classic Winnipeg character property with significant potential. Its appeal lies in a desirable, established neighbourhood and a generous lot, offering a foundation for customization. The home suits buyers looking for a project—whether a gradual renovation, a strategic hold for land value, or a chance to personalize a character home in a prime location.
Key Characteristics & Appeal
The standout feature is the property's generous 4,223 sqft lot, which is larger than most on its street and in the top tier for the Crescentwood area. This provides valuable outdoor space and future possibilities. The living space (2,311 sqft) is notably spacious compared to the Winnipeg average, offering ample room within a classic layout. While the home retains its original charm from 1911, it comes with the understanding that updates are needed; the basement is noted as unrenovated and there is no pool. A detached garage adds utility. The recent sale price sits comfortably around averages for the city and street, suggesting a fair entry point into the neighbourhood.
This property is ideally suited for a handy buyer or an investor with a vision. It’s a canvas for someone wanting to tailor a home to their tastes over time, or for those who prioritize land size and location over immediate move-in readiness. It represents a tangible piece of Winnipeg’s architectural history waiting for its next chapter.
Frequently Asked Questions
1. What does "basement, not renovated" typically imply?
It generally indicates the basement retains its original or older state, likely with foundational systems (like plumbing, electrical, insulation) that may require assessment and potential upgrading to modern standards.
2. The assessed value is much lower than the sale price. Why?
Municipal assessed value for taxation purposes often lags behind market value, especially after a recent sale. The sale price reflects current market conditions and buyer demand for the location and lot.
3. Is the older year built (1911) a concern?
It signifies classic construction and charm but necessitates a thorough inspection. Focus should be on the condition of the roof, wiring, plumbing, insulation, and the foundation, which may need attention or updating.
4. Who might this property NOT suit?
It is likely not a match for buyers seeking a low-maintenance, turn-key home without renovation projects. The unrenovated state requires a budget and tolerance for ongoing work.
5. What are the advantages of a detached garage?
It offers flexible use for parking, storage, or a workshop without impacting the home's living space. It can also provide more design freedom for future landscaping or additions to the main house.