Property Overview: 18 Cranlea Path, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a practical opportunity in Winnipeg's River East neighborhood. Its key characteristic is a compact 840 sqft living area, which is notably smaller than most homes on its street and in the wider area. Built in 1974, it is of a typical age for the community. The assessed value of $322k sits below local averages, reflecting its size.
The appeal lies in its efficient footprint and lot. The property sits on a roughly 5,940 sqft lot, which is above average for the immediate street, offering valuable outdoor space relative to the home's size. This combination suggests a lower-maintenance interior paired with usable yard space. It last sold in 2023, indicating a relatively recent market transaction.
This property would suit first-time buyers, downsizers, or investors seeking an entry point into a stable neighborhood without a premium for excess square footage. It’s for those who prioritize land over a large house or see potential in a home where value is driven more by location and lot than by interior size. A thoughtful perspective is that its below-average metrics may represent a more affordable property tax burden compared to larger homes on the same street.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 840 sqft, the home is compact. It requires efficient use of space and would not suit those needing multiple large rooms. However, this size can mean lower utility costs and less upkeep.
2. How does the assessed value compare?
At $322k, the assessment is below the street average ($365k) and neighborhood average ($401k). This can indicate a value-oriented entry point, but may also reflect the home's smaller size and condition.
3. What is the significance of the lot size?
The lot of 5,937 sqft is a positive feature, ranking above average on the street. It provides good outdoor space for gardening, recreation, or future expansion, which is a key asset.
4. What can recent sale prices tell us?
The home sold between $300k-$350k in August 2023. This recent sale provides a concrete market benchmark, showing activity in this price range just over a year ago.
5. How can I get exact historical sale prices?
The site provides sold price ranges. For verified, exact figures from comprehensive records, you must request a manual lookup via email, as this data is not sourced from the MLS.