Property Overview: 180 Yale Avenue, Crescentwood
Key Characteristics & Appeal
This is a substantial, classic two-and-a-half storey home built in 1911, situated on a generous 6,488 sqft lot in the desirable Crescentwood neighbourhood. Its primary appeal lies in its impressive scale and established location. With 2,749 sqft of living space, the home ranks within the top 15% for size on its street and an elite top 2% citywide, offering roominess that is rare in the current market. The property features a detached garage and a full, unrenovated basement presenting a blank canvas for future development.
The home’s value is anchored in its prime land and spacious footprint rather than modern updates. It suits a specific buyer: someone looking for a character home with proven, long-term value in a prestigious area, who is prepared to take on a project. This could be a growing family seeking space to customize over time, or an investor/renovator who recognizes the underlying value in the lot size and square footage, viewing the dated condition as an opportunity to add significant value. A less obvious perspective is its appeal to multi-generational living, where the separate floors and basement potential allow for flexible living arrangements.
Frequently Asked Questions
1. What does "unrenovated basement" imply?
It means the basement is in original or functional condition but has not been modernized or finished as living space. It presents potential for future development (like a rec room, suite, or additional storage) but will require investment.
2. How does the assessed value relate to the recent sale price?
The property was assessed at $59,700 but sold for $74,800 in August 2024. This significant difference is common and indicates that the market value, driven by buyer demand for the location and lot, far exceeded the city's assessment for tax purposes.
3. Is the older year (1911) a concern?
While the age places it below average compared to newer homes, it is typical for the historic Crescentwood area. Buyers should budget for and expect maintenance consistent with a century-old home, including potential updates to mechanical systems, windows, and insulation.
4. Who would this property NOT suit?
It would not suit a buyer seeking a move-in-ready, modern, or low-maintenance home. The unrenovated spaces and age of the property require a vision and a willingness to undertake future projects.
5. How does its size compare practically?
The living area is exceptionally large. At 2,749 sqft, it offers about 1,200 more sqft than the average Winnipeg home. This translates to more room for dedicated offices, larger bedrooms, or recreational space within the main house, which is a key differentiator.