Property Overview & Key Characteristics
This 1948 home at 217 Guelph Street is a compact, 840 sqft property in Winnipeg's established Crescentwood neighbourhood. Its primary appeal lies in its location and its renovated basement, offering a solid entry point into a desirable area. The home is notably smaller and has a lower assessed value than most in Crescentwood, but it ranks well on its own street and holds its own city-wide for value.
It would best suit a first-time buyer, an investor, or a downsizer seeking a low-maintenance footprint in a prime location without the premium price of a larger Crescentwood home. The appeal is practical: affordability in a well-regarded area, with the renovation work already started in the basement. A thoughtful perspective is that this property represents the "starter home" tier within an affluent neighbourhood, offering access to the community's amenities and character without the full financial commitment of its larger neighbours.
Frequently Asked Questions
1. Is this a full house or a condo/unit?
The listing does not specify a building type, but its description as a "home" and the metrics comparing it to other houses suggest it is a standalone, though compact, single-family property.
2. How does its size compare to nearby homes?
At 840 sqft, it is significantly smaller than the Crescentwood neighbourhood average of approximately 1,258 sqft. However, it is actually the largest among the four comparable homes directly on Guelph Street.
3. What does the assessed value indicate?
The $20,400 assessment is below the neighbourhood average but aligns with the Winnipeg city-wide average. Its recent sale price was very close to this assessed value, suggesting it is priced in line with municipal valuation.
4. The basement is noted as renovated. What about the rest of the home?
The provided details only confirm the basement renovation. The condition of the main and upper floors is not described and would require a viewing or further inquiry.
5. Who might this property not suit?
It may not suit buyers needing substantial living space, multiple bedrooms, or who expect the typical lot size and grandeur of a classic Crescentwood home. It’s a pragmatic choice for location over size.