Property Overview
14 Royal Crescent is a well-situated, one-storey home in Winnipeg's Jefferson neighbourhood. Built in 1955, it features a renovated basement and a detached garage. With 1,074 sqft of living space on a 5,306 sqft lot, the home offers a comfortable footprint. Recent data shows its assessed value and sale price position it above average for the immediate area, suggesting it's a solid holding in a stable streetscape. Its appeal lies in its move-in readiness with recent updates below grade, its generous lot size for the crescent, and its performance as a reliable asset within the local market context.
This property would suit practical buyers looking for a manageable single-level layout in an established community. It's ideal for those who value a larger, private yard over a massive house, and for investors or homeowners who appreciate a home that has consistently held value well against its direct neighbours. The renovated basement adds functional space, making it a fit for small families, downsizers, or someone needing a home office or separate living area.
Frequently Asked Questions
How does this home really compare in the neighbourhood?
The numbers indicate a strong position. While the house size is typical for Royal Crescent, its lot is larger than most on the street, and its recent sale price ranked in the top 10% locally. This suggests it's viewed as a premium offering on this specific block.
What does the "renovated basement" entail?
The listing confirms the basement is renovated, but the specifics of finish quality, permits, and moisture control are not detailed. A professional inspection is highly recommended to understand the scope and quality of this update.
Is the assessed value a reliable indicator of the property tax?
Yes, the $314,000 assessed value is the figure used by the city for calculating property taxes. You can estimate annual taxes by applying the current municipal tax rate to this value.
The home sold recently in late 2024. Why is it back on the market?
This is not uncommon and isn't inherently a red flag. Reasons can range from a change in the buyer's personal circumstances to strategic investment flips. Your real estate agent can help inquire about the specific situation.
What are the less obvious pros and cons of a home from this era?
A pro is that construction from the 1950s often features solid building materials and simpler, easily modified layouts. A potential con is that original mechanical systems (like plumbing or wiring) may be nearing the end of their serviceable life unless they have been updated alongside the basement renovation.