Property Overview: 84 Crystal Avenue, Varennes, Winnipeg
Key Characteristics & Appeal
This property presents a distinct value proposition centered on land potential and affordability. The 680 sqft home, built in 1922, is notably compact—ranking smaller than the vast majority of comparable homes on its street, in the Varennes community, and across Winnipeg. This results in a correspondingly lower assessed value for taxes, which sits below area averages.
The primary appeal lies in its generous 5,123 sqft lot, which is larger than most in the immediate vicinity. This creates a clear opportunity: the value is firmly in the land. It is ideally suited for a specific type of buyer: those looking for an entry point into the neighborhood who are comfortable with a smaller, character home, or investors and builders who see the potential for expansion, redevelopment, or simply holding a sizable lot in a established area. It’s a practical choice for minimalists or those seeking lower utility and tax costs, but requires a vision that looks beyond the current dwelling's modest footprint.
Frequently Asked Questions
1. Is the house too small?
At 680 sqft, the living space is significantly below average for the area. It would suit individuals, couples, or those comfortable with compact, efficient living. The layout and condition will be key factors in determining livability.
2. Why is the tax assessment value relatively low?
The assessment is primarily based on the current home's size, age, and characteristics. Because the dwelling is smaller and older than most comparables, the assessed value is lower, which translates to a below-average property tax bill.
3. What does the large lot size mean for me?
The above-average lot size for the street and neighborhood is this property's standout feature. It offers more outdoor space, potential for gardening, additions, or future redevelopment, subject to local zoning bylaws.
4. Are there concerns with a home built in 1922?
While offering classic character, a home of this age will require diligent inspection. Potential buyers should budget for and investigate updates to major systems like wiring, plumbing, and insulation, as well as the overall foundation and structural integrity.
5. How should I interpret the ranking data?
The rankings compare this property against others in three geographic circles. They confirm the home itself is in the bottom tier for size and assessed value, while the land is in the top tier for size locally. This stark contrast defines the property's unique profile.