Property Overview: 299 Bernadine Crescent
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1971 on a generously sized, roughly 6,090 sqft lot in Winnipeg’s Buchanan neighbourhood. Its key feature is a renovated basement, which adds valuable functional space to the 816 sqft main floor living area. The home does not have a garage or pool.
The primary appeal lies in its balance of a larger-than-average city lot with a manageable, low-maintenance footprint. The renovated basement presents a clear opportunity for additional living, recreational, or rental space, offsetting the modest main floor size. The lot size is notably above average citywide, offering potential for gardening, expansion, or simply more private outdoor space than many newer properties.
This property would suit first-time buyers seeking an entry point into the market with immediate livable updates, downsizers looking for a manageable home without sacrificing yard space, or value-focused investors attracted by the renovated basement’s income potential. Its below-average assessed value relative to the city and neighbourhood suggests a price point that may offer room for future equity growth.
Section 2: Frequently Asked Questions
1. How does the living space compare to nearby homes?
The home’s 816 sqft of main floor living area is notably smaller than most comparable homes on its street, in Buchanan, and across Winnipeg. However, the renovated basement significantly expands the usable square footage.
2. Is the lot size a positive feature?
Yes. At over 6,000 sqft, the land area is above the Winnipeg average. This is a standout feature, offering more outdoor space than many properties and is a key asset for future enjoyment or potential development.
3. What does the assessed value indicate?
The municipal assessed value is below average for both the neighbourhood and the city. This typically reflects the home’s smaller main floor size and can sometimes correlate with a more accessible purchase price, though market sale prices are determined independently.
4. Who might find the smaller main floor challenging?
The layout may be less ideal for those who prefer all living areas on one level or have significant mobility concerns, as the additional space is in the basement. It is best suited for those comfortable using stairs.
5. Are homes on this street typically newer or older?
Built in 1971, this home is actually newer than many on Bernadine Crescent, ranking in the top 26% for its year built on the street. It is a standard-build home from that era, now with the benefit of a modernized basement.