Property Overview
This is a substantial, historic home in Winnipeg's desirable Crescentwood neighbourhood. Built in 1909, the two-and-a-half storey residence sits on a large 6,431 sqft lot and offers significant living space of 3,398 sqft. Key features include an attached garage and a basement that is noted as being unrenovated. The home's assessed value places it in the top tier of properties both locally and city-wide.
Key Characteristics & Appeal
The primary appeal of this property lies in its combination of grand scale, a prime location, and historic character. Its living area is exceptionally large, ranking in the top 1% of all homes in Winnipeg, offering rare potential for spacious family living, formal entertaining, or flexible work-from-home arrangements. The lot size is also generous for the area, providing outdoor privacy and space rarely found in central neighbourhoods.
Its appeal is geared towards a specific buyer: those seeking a heritage-era home with "good bones" and the space to customize it to their taste. It suits a buyer who values the established, tree-lined streets of Crescentwood and is prepared for the stewardship of a century-old property. The unrenovated basement presents both a project and an opportunity to add value without altering the home's original character. Financially, it represents a high-asset property, as evidenced by its elite assessed value ranking, making it a solid investment in a stable, prestigious area.
Frequently Asked Questions
1. What does "two-and-a-half storey" mean for this home?
Typically, this architectural style features two full floors of living space, with a top floor under sloping rooflines (the "half" storey), often containing additional bedrooms or cozy spaces. Given the home's age, this layout offers classic proportions and likely includes original details.
2. The assessed value is listed at $92.30k. Is that the market price?
No. In Manitoba, the assessed value is for municipal tax purposes only and is typically much lower than the market value. The sale history shows it last sold for $40.50k in 2016, which is also not reflective of current market value. A professional appraisal or comparative market analysis is needed to determine the actual listing or sale price.
3. The basement is noted as "not renovated." What should I consider?
This indicates the basement likely retains its original or older state. Buyers should budget for potential updates, assess foundational integrity, and check for adequate ceiling height, moisture control, and modern electrical/plumbing needs. It represents both a cost and a blank canvas.
4. How significant is the home's age (built 1909)?
Very significant. It places the home in the pre-WWI era, suggesting potential for beautiful historic craftsmanship. It also necessitates thorough inspections for outdated systems (like knob-and-tube wiring or original plumbing), insulation, and the need for ongoing maintenance consistent with a 117-year-old structure.
5. The rankings show it's "below average" for year built. Is that a concern?
In this context, "below average" simply means it's older than most homes in its comparison groups. In a sought-after neighbourhood like Crescentwood, age is often correlated with character and prestige, not detriment. The key is the home's condition and how its historic features have been maintained.