Property Overview: 195 Larchdale Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1959, stands out for its exceptionally large, private lot—nearly 15,000 square feet. This land size places it in the top 5% of the Kildonan Drive area and is the property's most defining feature. The house itself, at 1,768 sqft, offers above-average living space for the neighborhood and includes a renovated basement and an attached garage.
The primary appeal lies in the rare opportunity for generous outdoor living, gardening, and future expansion in a well-established area. The recent sale in late 2024 suggests it is move-in ready. It perfectly suits buyers who prioritize private outdoor space over a brand-new build, such as families seeking room for children and pets to play, or hobbyists wanting extensive garden beds or workshop potential. The data indicates you are paying a premium for the land, making it a long-term investment in a scarce asset.
Section 2: Frequently Asked Questions
1. Is the lot size typical for the street?
No, it is exceptional. The lot is nearly double the average size for Larchdale Crescent, ranking 2nd largest out of 72 properties on the street.
2. How does the home’s condition compare to its age?
While built in 1959, the renovated basement indicates updates have been made. The recent sale also suggests the home is in livable condition. A thorough inspection is recommended to understand the state of major systems (roof, wiring, plumbing) common to homes of this era.
3. What does the sold price history tell us?
The home sold for between $455,000 and $485,000 in December 2024, a significant increase from its ~$365,000 sale in 2017. This sharp appreciation likely reflects both market trends and the unique value of the large lot.
4. Who might this property not suit?
It may not suit those seeking a modern, low-maintenance property, as a large lot and an older home require more upkeep. It’s also less ideal for buyers who prioritize walkability to dense urban amenities, as the value here is centered on private space.
5. How is the assessed value used here?
The assessed value ($425,000) is for municipal tax purposes and is typically below market value. The recent sale price is the true indicator of its current market worth. The data shows its assessed value is above average for the local area.