Property Overview
This 1,498 sqft one-storey home at 80 Williamson Crescent in Winnipeg's Grassie neighbourhood presents a specific and practical profile. Built in 1986, it features an attached garage and a full, unrenovated basement on a 4,940 sqft lot. The data reveals a home that is physically larger than many on its own street, yet carries a municipal assessed value ($410k) that is notably lower than most direct neighbours and area comparables. This disconnect between its above-average living space and its below-average assessment for the immediate area is its defining characteristic. Its appeal lies in this value proposition: it offers more interior room for the dollar within the crescent, positioning it as a potential opportunity for buyers willing to take on a home that may need updating. It would suit practical buyers looking for space in a established neighbourhood, who are comfortable with a property that hasn't been recently modernized and see potential in the unfinished basement.
Key Questions & Considerations
How does the assessed value impact property taxes?
A lower assessment relative to neighbours typically results in lower municipal property taxes, which is a tangible financial benefit for the owner.
What does "below average" assessed value on the street imply?
While it suggests a potential value opportunity, it also indicates the home may be due for updates or improvements compared to neighbouring houses, as assessments consider condition and features.
Is the unrenovated basement a drawback or an opportunity?
It depends on the buyer's vision. It lacks finished living space, but it also presents a blank canvas for customization without the need to undo previous renovations.
How does the home's size compare practically?
At 1,498 sqft, it offers more living area than the typical home on Williamson Crescent and is very close to the city-wide average, providing solid space for a family.
What is the significance of the 1986 build year?
Homes from this era often have modern foundations and wiring, but key components like roofs, windows, and major mechanical systems may be nearing or due for replacement, which is a vital budget consideration.