Property Overview & Key Characteristics
71 Jonathan Crescent is a modest, renovated bi-level home in Winnipeg's Inkster Gardens neighborhood. Its primary appeal lies in being an affordable entry point into homeownership, particularly suited for first-time buyers, downsizers, or investors seeking a straightforward rental property. The home is smaller than average at 752 sqft, but this is offset by a renovated basement, contributing to a functional living space. The lot is a standard city size for the area. A key, less obvious perspective is its financial positioning: while its assessed value is below average for its immediate street and neighborhood, it sits closer to the city-wide average, suggesting it may represent relative value within a broader market context. Built in 1983, the home is of a typical age for the area. The lack of a garage is a consideration, but the very low price point reflects this. This property suits a pragmatic buyer whose priority is securing a renovated, liveable home with minimal financial outlay, rather than seeking above-average size or premium features.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average for comparable homes?
The data shows the home's assessment is below average for its specific street and neighborhood, which pulls down its average. The "city-wide" comparison includes a vast range of property types and values; this home's assessment is actually around the 62nd percentile city-wide, meaning it's assessed higher than about 62% of all Winnipeg properties, indicating it is not an outlier in the broader market.
2. What does the ranking data for living area actually mean?
The rankings show this home is smaller than most. Specifically, it ranks 26th out of 34 homes on its own street by size (Top 76%), meaning about three-quarters of houses on Jonathan Crescent are larger. This is a key data point for buyers for whom interior space is a priority.
3. Has this property appreciated in value?
Based on the sold price range from February 2016 ($22.5k - $25.5k) and its current assessed value of $32.8k, the data suggests a moderate increase in value over the past nine years. For an exact historical sold price, you can request the information via email from the listing source.
4. What are the practical implications of not having a garage?
This is a common feature for homes at this price point. Buyers should budget for alternative parking and storage solutions. On-street parking is typical, and the 4,000 sqft lot may allow for the future addition of a parking pad or shed, subject to city bylaws.
5. The home is described as "renovated." What does that likely refer to?
Given the home's age and the mention of a renovated basement, the updates are most likely focused on essential finishes and systems in the lower level to make it a functional living space. For specifics on the scope, quality, and timing of renovations, a viewing and inquiry with the seller or listing agent is necessary.