Property Overview: 133 Charing Cross Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This 1980-built home in River Park South presents a distinct value proposition centered on its land. At 858 sqft, the living space is notably compact, ranking below average for the street, neighborhood, and city. However, this is balanced by a generous 6,329 sqft lot, which is significantly larger than most on its street and in the area. The assessed value of $414k sits above the street average, suggesting the lot size and location are key drivers of its worth.
The primary appeal lies in this land-to-structure ratio. It’s a property for those who prioritize outdoor space, potential for expansion, or simply a more substantial piece of property in a mature neighborhood, over a large interior. It would suit a first-time buyer comfortable with a cozy footprint, a downsizer seeking a manageable home with a sizable yard, or an investor/renovator who sees potential in the lot for future development or improvements. The recent sale history indicates stable, mid-range market value for Winnipeg.
Section 2: Frequently Asked Questions
1. Is the house too small?
At 858 sqft, it is compact. The data shows it's smaller than 85-90% of comparable homes in the immediate area. Buyers should be comfortable with efficient living spaces, but this can also mean lower utility costs and less maintenance.
2. Why is the assessed value relatively high for a smaller home?
The value is likely supported by the above-average lot size. In established neighborhoods, land is often the appreciating asset. The $414k assessment ranks highly on its specific street, indicating the lot premium is recognized.
3. What is the neighborhood like?
River Park South is a mature, established area. The provided comparable homes show consistency in age (late 70s/early 80s builds) and assessed values, suggesting a stable, well-maintained community without extreme highs or lows.
4. How does the sold price compare?
It last sold between $400k-$450k in August 2022, which placed it in the top 18-32% for sale prices on its street and in the neighborhood at that time. This aligns with its above-street-average assessed value.
5. What are the obvious trade-offs?
The clear trade-off is space: you gain a larger-than-typical lot but accept a smaller-than-typical house for the area. This makes it an opportunity for someone whose lifestyle values outdoor space, but a potential limitation for those needing more indoor living or bedroom areas.