Property Overview: 203 Bernadine Crescent
Key Characteristics & Appeal
This 1972-built, three-level split home in Winnipeg's Buchanan neighbourhood presents a solid, value-oriented opportunity. Its primary appeal lies in the combination of a generously sized lot and a recently renovated basement, offering both space and modernized living areas. The 6,754 sqft land parcel is notably above average for the immediate street and wider area, providing ample outdoor potential. While the 1,076 sqft living area is typical for its peer group, the renovated basement effectively expands the usable space.
The home suits practical buyers looking for a balance of affordability and upside. It's ideal for a first-time homeowner comfortable with a vintage build who values private outdoor space over a large interior footprint, or an investor seeking a property with strong land value in a stable neighbourhood. A less obvious perspective is the home's standout "year built" ranking on its own street (top 1%), suggesting it is among the newest homes on the block, which can be a relative advantage for systems and structure. The detached garage adds utility and storage flexibility. The sale history indicates active market interest, having sold in mid-2022.
Frequently Asked Questions
1. How does the lot size compare?
The property's land area of 6,754 sqft is significantly larger than the average for both Bernadine Crescent (top 28%) and the Buchanan neighbourhood (top 22%), offering more yard space than most comparable homes.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A prospective buyer should inquire about the finishes, permits, and the nature of the renovation (e.g., cosmetic updates, structural changes, moisture management).
3. Is the assessed value a reliable indicator of the listing price?
Not directly. The assessed value for taxation purposes ($36.30k) is a historical benchmark and is typically far below market value. The home last sold for $45.20k in July 2022, which is a more relevant recent data point, though market conditions may have changed.
4. What are the implications of a 1972 build date?
Built in 1972, the home is average in age for the city. Buyers should prioritize inspections for era-specific components like original wiring, plumbing, and insulation, which may be due for updates or have been partially addressed in the basement renovation.
5. How does the living space feel for a 3-level split?
With 1,076 sqft of living area, the space is functionally typical for the style. The three-level split design can create defined living zones and privacy but often involves more stairs. The renovated basement is a key factor in the home's overall functional space.