Property Overview
This 1971 bi-level home at 136 Bernadine Crescent in Winnipeg's Buchanan neighbourhood presents a practical and affordable entry into homeownership. Its key appeal lies in its balance of a renovated basement and a manageable scale on a decent-sized lot. The home sits on a 4,160 sqft property, which is smaller than many in the immediate area but still offers ample outdoor space for a first-time buyer or small household. With 867 sqft of living space, the home is compact, emphasizing efficiency over size. A significant feature is the renovated basement, which adds valuable finished space and potential. The home last sold in 2020 for $260k, a price point that was notably below average for the street, neighbourhood, and city at that time, suggesting it has served as a relative value option in the market.
This property would suit first-time buyers or downsizers seeking a low-maintenance footprint without sacrificing a traditional yard. Its below-average living area makes it less ideal for larger families needing ample indoor space, but perfect for those who prioritize financial accessibility and a renovated, move-in-ready lower level. A thoughtful perspective is that while the home ranks below average in size metrics, its lot size and newer renovation represent a "blank canvas" opportunity—it's a property where value has been added internally and where the exterior space allows for gardening, entertaining, or future expansion like a shed or deck, which isn't always available with newer, denser developments.
Frequently Asked Questions
1. Is the renovation in the basement a full, permitted renovation?
While the listing confirms the basement is renovated, specifics on the scope, quality, and permitting should be verified by a buyer's inspector and by checking with local authorities. It's a key feature, but understanding the details is crucial.
2. How does the lack of a garage affect property use and value?
The home has no garage, which is common for many bi-levels. Buyers should consider on-street parking availability and the potential to add a shed or carport for storage. This can be a trade-off for the lower price point.
3. The home sold for $260k in 2020. What does the historical data tell us?
The data shows a previous sale in 2016 for only $22.5k, which typically indicates a nominal transfer (like between family members) and not a market sale. The 2020 sale price of $260k is the relevant market benchmark, and it was positioned below area averages at that time.
4. The lot is noted as smaller than area averages. Is it still functional?
At just over 4,100 sqft, the lot is certainly functional for a small garden, patio, and play area. It's smaller than some neighbours but is not considered undersized for the home's footprint, offering a balanced, manageable yard.
5. What is the significance of the "below average" rankings for living area and value?
These rankings are contextual. They confirm this is a more compact, affordable home within its peer group. For the right buyer, this translates to lower utility costs, less space to maintain, and a historically lower entry price, which can be strategic advantages.