Property Overview
This one-storey home at 19 Royal Crescent in Winnipeg's Jefferson area presents a practical and appealing opportunity. Its key appeal lies in a combination of a desirable lot, a recently renovated basement, and strong value metrics for the neighborhood.
Key Characteristics & Ideal Buyer
The house itself is a 1,060 sqft bungalow built in 1955, offering a manageable layout. A significant feature is the renovated basement, adding functional living space. The detached garage provides flexibility for parking or storage. The standout characteristic is the 5,173 sqft lot, which is notably larger than many on Royal Crescent and in the Jefferson area, offering valuable outdoor space and potential.
Its appeal is grounded in its strong positional value within a established neighborhood. While the living space is average for the area, the property's Assessed Value ranks in the top 9% on its street and top 7% in Jefferson, suggesting it is viewed as a premium property within these more immediate contexts. This indicates a well-regarded location on the crescent. The lot size further reinforces this premium positioning.
This property would suit a buyer looking for a solid, no-frills home in a mature neighborhood, prioritizing lot size over a large interior footprint. It's ideal for a first-time buyer seeking a manageable house with updated elements, or a downsizer wanting a bungalow layout with a generous yard. The strong assessment relative to neighbors may also attract those looking for a stable, value-holding investment in a specific community.
Frequently Asked Questions
1. What does the high assessed value ranking mean?
It indicates that, compared to similar homes directly on Royal Crescent and in the Jefferson area, this property is officially assessed at a value higher than most. This often reflects a desirable location on the street, the renovated basement, and the larger lot.
2. Is the living space small?
At 1,060 sqft, it is close to the average for both the street and Jefferson. The renovated basement effectively increases the usable space, making it feel more spacious than the main floor square footage alone suggests.
3. How does the lot size compare?
The lot is a key feature. At over 5,000 sqft, it is larger than the average lot on Royal Crescent and in Jefferson, providing more private outdoor space than many neighboring properties.
4. What is the significance of the 2020 sale price range?
The sold price range from January 2020 (approximately $295,000 - $325,000) provides a historical benchmark. The current assessed value of $351,000 reflects market and assessment changes since that time.
5. Who should request the exact sold price history?
This is most useful for buyers conducting detailed financial comparisons or for sellers seeking to understand precise historical market activity for this specific address to inform their pricing strategy.