Property Overview: 124 Bernadine Crescent, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 1971, presents a practical and value-conscious opportunity in the Buchanan neighbourhood. Its key feature is a renovated basement, adding valuable finished space to the 1,120 sqft living area. While the property sits on a smaller lot (3,900 sqft) compared to many in the immediate area, this translates to less exterior maintenance. The home lacks a garage, which is a consideration for vehicle storage.
The appeal here is rooted in its relative value and move-in readiness, highlighted by the updated basement. Data shows the living space is notably above average for its specific street, and the home’s age is newer than most on the block. It last sold in July 2022 for $325,000, and its current assessed value is $310,000, positioning it as an accessible entry point.
This property would suit first-time buyers or downsizers seeking a manageable, single-family home without a large yard to upkeep. It’s also a sensible option for an investor or buyer looking for a solid foundation in a stable neighbourhood, where the renovation effort has already been applied to the basement, allowing them to focus on other updates over time.
Frequently Asked Questions
1. How does the lot size impact this property?
While the land area is below the average for Buchanan, it means significantly less time and money spent on lawn care and landscaping. This can be a major advantage for buyers seeking a low-maintenance outdoor space.
2. What does "renovated basement" typically include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the quality of finishes, whether it includes a bathroom or kitchenette, and importantly, if the renovation included updates to foundational elements like waterproofing or insulation.
3. Is the lack of a garage a significant drawback?
It depends on your needs. There is no garage on the property, so parking will be limited to the driveway. For households with multiple vehicles or a need for workshop/storage space, this is a key factor. For others, it may be a reasonable trade-off for the price point.
4. How does the 2022 sale price relate to the current assessed value?
The home sold for $325,000 in mid-2022. The current assessed value of $310,000 is slightly below that sale price, which may reflect broader market adjustments. It’s important to get a current market evaluation to understand today’s value.
5. What is the neighbourhood context for this home?
The data reveals an interesting point: this home is actually above average in both living area and year built for its own street. This suggests it could be one of the larger and slightly newer homes on Bernadine Crescent, potentially offering better relative value within its immediate micro-market compared to the wider neighbourhood.