Property Overview: 31 Charing Cross Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 31 Charing Cross Crescent in River Park South is a practical, entry-level property built in 1979. Its key characteristic is its compact size, with 830 square feet of living space on a 4,001 square foot lot, placing it below average in scale for both the immediate street and the wider neighborhood. The assessed value of $368k is moderately below the area average, suggesting a price point that reflects its smaller footprint.
The appeal lies in its affordability and efficiency within a well-established, family-oriented suburb. It represents a chance to enter the Winnipeg market, particularly in River Park South, at a relatively accessible level. The home would suit first-time buyers, downsizers seeking minimal upkeep, or investors looking for a manageable rental property. A thoughtful perspective is that a smaller home like this can offer lower utility costs and less maintenance, freeing up budget for renovations, travel, or savings. Its "around average" citywide valuation indicates it's priced in line with Winnipeg's broader market, not just an inflated neighborhood premium.
Section 2: Frequently Asked Questions
1. Is this home significantly smaller than others nearby?
Yes. At 830 sqft, the living area is notably smaller than most comparable homes on its street and in River Park South, where averages are 1,125 sqft and 1,410 sqft, respectively.
2. How does its value compare to the area?
Its $368k assessment is below the River Park South average ($447.2k) and slightly below the street average ($386.9k). City-wide, however, it ranks near the middle, indicating its value is more typical when compared to all of Winnipeg.
3. What is the likely sold price based on recent history?
The home sold in September 2020 for a price between $300,000 and $350,000. For a precise, verified sale history, you must request the information directly via email from the source.
4. What are the less obvious considerations for a home of this size and age?
Consider the potential for efficient, low-cost living against the possibility that layout or storage may require creative solutions. Being built in 1979, it's also important to factor in the condition and age of major systems like roofing, windows, and heating.
5. Who would this property not suit?
It may not suit buyers who need multiple bedrooms, dedicated home office space, or extensive room for growing families. Those prioritizing large yards or newer construction (the neighborhood average year built is 1990) might also find better options elsewhere.