Property Overview: 869 Muriel Street, Crestview, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1962, offering a renovated basement and a notably generous lot for its Crestview neighbourhood. With 948 sqft of living space, the house itself is smaller than many area comparables, presenting a efficient footprint. Its primary appeal lies in the combination of a modernized lower level and a land area (6,542 sqft) that ranks well above average for both Crestview and Winnipeg overall. This creates a valuable contrast: manageable indoor living space paired with significant outdoor potential.
The property would suit first-time buyers seeking an entry point into a stable neighbourhood without a large home to maintain, or practical downsizers looking for single-level living and garden space. It also appeals to value-oriented buyers who see potential in the sizable lot, whether for gardening, expansion, or future value. The assessed value is consistently around the average for its street and wider area, suggesting it's priced in line with market expectations without premium or discount flags.
Section 2: Frequently Asked Questions
1. Is the house too small?
At 948 sqft, the living area is below the average for similar homes on Muriel Street and in Crestview. However, the renovated basement effectively adds usable space, making it more functional than the main floor square footage alone suggests.
2. What is the significance of the lot size?
The lot is a key feature. It ranks in the top 22% city-wide, meaning it's larger than most Winnipeg residential lots. In Crestview specifically, it's in the top 19%, offering more private outdoor space than is typical for the area.
3. How does the 2019 sale price relate to current value?
The home sold for $270,000 in early 2019. Its current assessed value is approximately $314,000. This increase reflects broader market trends, but a current market valuation would be needed for an exact comparison.
4. What does "around average" for assessed value mean?
The home's assessed value sits near the median (middle point) for its immediate street, the Crestview area, and city-wide. This indicates the property is not an outlier—it's viewed as a standard, representative property for valuation purposes in its categories.
5. Are there any obvious drawbacks?
The home has no garage, which is a consideration for vehicle storage or workshop space. Additionally, while the basement is renovated, the main floor's age and layout (typical of a 1962 build) may require updates to suit modern preferences.