Property Overview
This 3-level split home at 251 Bernadine Crescent in Winnipeg's Buchanan neighbourhood presents a compelling opportunity centered on its generous lot and solid value. Built in 1972, the property features a renovated basement and a detached garage. Its primary appeal lies not in its living space (1,076 sqft, which is average for the area), but in its exceptionally large, 7,039 sqft lot, which places it in the top 19% on its own street. This creates significant potential for outdoor enjoyment, expansion, or future redevelopment relative to nearby properties. With an assessed value that ranks highly within its immediate area, it suggests a well-regarded property in its micro-location.
The home would suit practical buyers looking for a land-rich property in a mature neighbourhood. It’s ideal for those who value private outdoor space over a large interior footprint, or for strategic buyers who see the underlying lot value as a key long-term asset. It may also appeal to someone comfortable with a home from the 1970s who appreciates the character and established community of Buchanan.
Frequently Asked Questions
1. What does the "Elite" ranking for Year Built on the street mean?
It indicates this home (1972) is among the very newest on Bernadine Crescent compared to its direct neighbours, which is a subtle advantage for infrastructure like wiring and plumbing within this specific streetscape.
2. The assessed value seems low. Is this accurate?
The assessed value figures shown ($38.40k) are likely not the full market value but a relative value used for municipal tax purposes. The key takeaway is its "Elite" and "above average" ranking against nearby homes, signaling it is considered a higher-value property within its immediate comparison groups.
3. How usable is such a large lot?
A lot of this size (top 19% on the street) offers more than just a big yard. It provides greater privacy, ample room for gardens, play structures, or a shed, and may have fewer restrictions for additions like a deck or garage. It's a feature that is increasingly rare in mature neighbourhoods.
4. Who might this property not suit?
Buyers seeking a modern, open-concept layout or very large interior square footage may find the average-sized living area and 3-level split style less appealing. The value here is weighted more toward the land and location than expansive, updated living spaces.
5. The home sold in 2019. What can be inferred from that?
The previous sale price provides a historical benchmark, but the more relevant data is the home's current high ranking in assessed value among its peers. This suggests the property has maintained or increased its relative desirability and value within the local market over time.