Property Overview & Key Characteristics
276 Edelweiss Crescent is a classic two-storey home in Winnipeg's Rossmere-A neighbourhood, built in 1970. Its primary appeal lies in its solid value proposition and established location. The home sits on a generously sized lot (over 3,000 sq ft), which ranks in the top tier for the street and neighbourhood, offering ample outdoor space and future potential. With just over 1,000 sq ft of living space, it presents a manageable footprint for many buyers.
A standout feature is its unusually low municipal assessed value ($20.3k), which is significantly lower than nearly all provided comparable homes in the area. This suggests the property may be assessed as a renovation opportunity or may have other specific characteristics affecting its valuation, representing a potential entry point into the neighbourhood. The home lacks a basement, garage, and pool, positioning it as a straightforward, no-frills property.
This home would best suit a first-time buyer, an investor, or a hands-on purchaser looking for a land-value play in a mature neighbourhood. It’s for someone who prioritizes lot size and location over move-in-ready finishes, and who sees potential in the gap between its assessed value and typical area prices.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
A significantly lower assessment can be due to several factors, including the home's condition, specific structural or maintenance issues, its lack of a basement, or an outdated assessment not reflecting current market trends. It's a key point to investigate further.
2. What are the practical implications of not having a basement?
This means all mechanical systems (furnace, water heater) and living space are confined to the above-ground floors. Storage and utility space will be limited, and there is no potential for a below-grade suite or rec room without a major excavation project.
3. How does the lot size compare, and what does that mean for me?
The lot is larger than approximately 96% of properties in Rossmere-A. This provides more private outdoor space, better potential for additions or landscaping, and could be a long-term asset as larger lots become rarer in established areas.
4. The home was built in 1970. What should I be mindful of?
Key systems like the roof, windows, and plumbing/electricical wiring may be at or beyond their typical lifespan. A thorough inspection is crucial to understand the condition and anticipate near-future upgrades.
5. Who are the typical neighbours, and what is the community like?
Rossmere-A is a long-established neighbourhood with a mix of original homeowners and new families. The tight grouping of homes on Edelweiss Crescent suggests a close-knit street feel. The mature setting offers stability but may also mean fewer modern community amenities compared to newer developments.