Property Overview
This 860 sqft bungalow at 126 Charing Cross Crescent in Winnipeg's River Park South neighbourhood presents a specific value proposition. Built in 1980, its key characteristic is a modestly sized home on a larger-than-average lot for its immediate street. With an assessed value of $401k, it sits around the average for both the street and the city, but below the neighbourhood average.
The appeal lies in its efficient footprint and land potential. The 5,099 sqft lot ranks above average on its street, offering valuable outdoor space or future expansion possibilities rare for homes of this size. It suits first-time buyers seeking an entry point into a stable neighbourhood, downsizers looking for a manageable home without sacrificing yard space, or value-oriented investors attracted by the land-to-building ratio. It’s a practical choice for those who prioritize lot size over living area and are comfortable with a home that is functionally smaller than most in the area.
Frequently Asked Questions
How does the living area compare to nearby homes?
At 860 sqft, the living area is below average for the street, neighbourhood, and city. This indicates a more compact, efficient layout compared to many neighbouring properties.
Is the assessed value in line with the market?
The $401k assessment is very close to the street average ($386.9k) and city average ($390.1k), but notably below the broader River Park South neighbourhood average of $447.2k. This suggests the property is assessed consistently with its immediate locale.
What does the lot size offer?
The 5,099 sqft lot is a standout feature, ranking above the street average. This provides a generous yard relative to the home's size, which could be a key asset for gardening, recreation, or future additions.
What can the last sold price tell us?
The home sold in April 2017 for an estimated $300k-$350k. Market changes since then mean this is a historical benchmark, not a current valuation. Exact figures require a manual lookup from the provider.
How does the year built affect this property?
Built in 1980, it is typical for its street but slightly older than the neighbourhood average (1990). Buyers should budget for maintenance and updates consistent with a home over 40 years old, while also considering the established nature of the area.