Property Overview & Key Characteristics
5 Saturn Bay is a 3-level split home built in 1961, situated on a large 6,658 sqft lot in Winnipeg's Beaumont neighbourhood. Its key appeal lies in the combination of a renovated basement and a land size that ranks well above average for its street. With 1,040 sqft of living space, it offers a practical layout typical of its era.
The home suits first-time buyers or practical downsizers looking for a solid, no-frills property where the value is anchored more in the land and location than in high-end finishes. Its recent sale history suggests it may attract buyers comfortable with a home that has good underlying potential but isn't the newest or largest on the block. A thoughtful perspective is that this property represents a balance: you're getting a lot that is larger than most in the immediate area, which is a fixed advantage, paired with a house that offers functional living space without premium pricing for extensive modern upgrades.
Frequently Asked Questions
1. What does the ranking information (e.g., "Top 36% in same street") actually mean?
These rankings compare this specific property against immediate neighbours and the wider city. For example, its lot size is in the top 36% on its own street, meaning it's larger than many nearby properties. This is a useful, at-a-glance way to gauge how it stands out or fits in.
2. The home sold for less than its assessed value in 2017. Should I be concerned?
Not necessarily. Sale prices are influenced by many factors at a specific point in time, including market conditions and the property's state then. The assessed value is for municipal tax purposes. The key takeaway is that it has been a stable, lower-value home in the area for some time.
3. Who would this property not be suitable for?
It likely wouldn't suit buyers looking for a turn-key modern home, those who require a garage, or families needing significant above-ground square footage. Its strengths are its lot size and functional layout, not high-end amenities or expansive room sizes.
4. The basement is noted as renovated. What should I ask about this?
Always inquire about the scope, quality, and when the renovation was completed. Check if permits were pulled and approved, as this ensures the work meets building codes. A renovated basement adds valuable living space but understanding the details is crucial.
5. How does the 3-level split layout typically function?
This style often features short flights of stairs separating living, sleeping, and basement areas. It can offer good separation of spaces and privacy but may feel less open than a bungalow or 2-storey. It's wise to view the home to see if the flow works for your lifestyle.