Property Overview
This 1910 two-and-a-half storey home in Crescentwood is defined by its generous scale and prime lot. Its primary appeal lies in offering substantial space—both in its 3,260 sqft living area and its nearly 10,000 sqft lot—within a coveted neighbourhood. The home ranks in the top tier city-wide for living space and land size. It features a renovated basement and a detached garage. A key, less obvious characteristic is its value proposition: while its assessed value is relatively modest for the area, its recent sale price suggests a significant market premium, indicating buyers see substantial potential or intrinsic value beyond the official assessment. This property would best suit buyers looking for a classic, large-scale home with ample outdoor space, who are prepared for the realities and rewards of a character home from the 1910s. It’s ideal for those prioritizing lot size and interior volume over modern construction, likely appealing to families seeking long-term roots or value-add investors in a stable, prestigious area.
Frequently Asked Questions
1. How does the assessed value compare to the recent sale price?
The home was assessed at $63,200 but sold for $760,000 in October 2023. This large difference is common for character homes in desirable neighbourhoods, where the market value often significantly exceeds the municipal assessment used for tax purposes.
2. What should I know about a home built in 1910?
While offering classic charm and sturdy construction, a home of this age will likely require updates to mechanical systems like wiring and plumbing, and may need attention to insulation and windows. The renovated basement is a positive modern touch within the older structure.
3. How does the property’s size compare to others?
Its living area is elite, larger than 99% of homes city-wide. The lot is also very large, bigger than 93% of city lots and ranking highly even within the spacious Crescentwood area. This places it among the most substantial properties available.
4. What is the neighbourhood like?
Crescentwood is a mature, established neighbourhood known for tree-lined streets, character homes, and a central location. The property’s specific location on Harvard Avenue places it among similarly large, older homes.
5. What are the implications of a detached garage?
A detached garage offers flexibility and can reduce noise from vehicles. However, it is less convenient than an attached garage, especially during Winnipeg winters. The setup may be typical for homes of this era in the area.