Property Overview
18 Royal Crescent is a well-situated one-storey home in Winnipeg's Jefferson area, built in 1956. With 1,052 sqft of living space and a renovated basement, it sits on a larger-than-average lot for the immediate area at over 5,300 sqft. The home features a detached garage. Recent sales data shows consistent and strong value appreciation in the local market.
Key Characteristics & Appeal
This home’s primary appeal lies in its established neighborhood setting and its standout value proposition within its immediate circle. While the living space is average for the street and city, the property commands an assessed value that places it in the top 6% on Royal Crescent and the top 5% in the wider Jefferson area. This suggests it is perceived as a premium property in its local context, likely due to factors like its generous lot size, recent basement renovation, and the overall desirability of the location. The sales history indicates robust, above-average price growth over the past decade.
It would suit a buyer looking for a move-in ready, single-level home in a mature neighborhood, who values outdoor space and a sense of established community. It’s particularly suited for someone who appreciates a property that holds a strong relative value within its specific area, not just the city at large. The renovated basement adds functional space, making it practical for small families, downsizers, or those needing a home office or recreational area.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home’s assessed value is $36.70k. Its most recent recorded sale in late 2024 was between $40.50k and $43.50k, indicating it sells for a premium above its assessed value—a sign of strong market demand for this specific property.
2. Is the lot size a significant feature?
Yes. At 5,363 sqft, the lot is above average for both Royal Crescent and the Jefferson area. This provides more private outdoor space than many neighboring properties, a key differentiator for gardening, recreation, or future expansion.
3. What does the sales history tell us about the property’s market performance?
The home has sold three times since 2016, with each sale price ranking in a higher percentile locally than the last. This trajectory shows accelerating demand and value growth specific to this home, outpacing average appreciation on the street.
4. The home is described as "around average" in size citywide. Why the premium?
The premium is hyper-local. While the square footage is typical for Winnipeg, its value ranking is elite within Jefferson and on its own street. This highlights that factors like lot size, specific location, condition, and recent updates are driving its value more than pure square footage.
5. What is the significance of the "renovated basement"?
While details aren’t specified, a renovated basement in a 1956 home adds crucial modern living space and functionality. It likely addresses foundational updates (like moisture control or insulation) and creates a finished area that expands the home’s usable square footage beyond the main floor.