Property Overview & Key Characteristics
This home at 4 Girdwood Crescent presents a distinct profile defined by its contrasts. Built in 1975, it is one of the newest homes on its street, offering modern construction advantages for its area. With 1,089 sqft of living space, it provides above-average interior room compared to most homes in both the immediate Munroe East neighbourhood and across Winnipeg, making it a relatively spacious option.
The property’s primary trade-off is its compact, 2,065 sqft lot, which is significantly smaller than typical lots in the city. This results in very low property taxes, as reflected in its assessed value being well below local and city-wide averages. The home last sold between 200k–250k in 2021.
Its appeal lies in efficient, low-maintenance living. Buyers get a newer, well-sized house with minimal yard upkeep and lower ongoing tax costs. It would suit first-time buyers seeking affordability and space without a large garden, downsizers looking to reduce maintenance and tax burdens, or pragmatic investors attracted by the low carrying costs.
A thoughtful perspective is that this property represents a shift toward valuing interior space and financial efficiency over traditional land ownership, making it a practical choice in today’s market.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is primarily based on the property’s very small lot size relative to the rest of Winnipeg, which directly lowers its taxable value and, consequently, your annual property tax bill.
2. What does it mean that this is one of the newest homes on the street?
Built in 1975, it likely has more modern electrical, plumbing, and insulation standards than older neighbours. This can mean fewer immediate updates are needed and potentially better energy efficiency.
3. Is the small lot size a major drawback?
It depends on your lifestyle. It greatly reduces yard maintenance and costs, which is a benefit for many. However, it limits outdoor private space, expansion potential, and may affect resale value for buyers seeking a large garden.
4. How does the living area compare practically?
At 1,089 sqft, it offers more interior space than over 80% of homes in Munroe East. This suggests a efficient, roomy layout well-suited for a small family, couple, or individual who prioritizes indoor living space over outdoor land.
5. The home sold between $200k-$250k in 2021. What does that indicate?
This past sale price, considered low for the city at that time, aligns with the property’s profile: a compact-lot home with lower taxes. It highlights the market’s valuation of such properties and may indicate a more affordable entry point into the neighbourhood.