Property Overview: 97 Bernadine Crescent
Section 1: Key Characteristics & Appeal
This well-situated 1971 bungalow at 97 Bernadine Crescent presents a practical opportunity in Winnipeg’s Buchanan neighbourhood. Its key characteristics include a renovated basement and a modest 1,012 sqft of living space on a standard 4,274 sqft lot. The home lacks a garage or pool.
The appeal lies in its solid foundation and location. The home is newer than many on its street, and the renovated basement adds immediate functional space. The lot size is manageable, offering outdoor space without excessive upkeep. The most compelling perspective may be its financial profile: with an assessed value significantly below area averages, it presents a lower property tax base relative to its recent sale price, which itself was around or below average for the city. This suggests potential value for a buyer comfortable with a home of efficient size.
This property would suit first-time buyers seeking an entry point into the market with some updates already completed, or downsizers looking for a single-level living option with a manageable yard. It’s a pragmatic choice for those prioritizing location and fundamentals over square footage or premium features.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to the sale price?
The home last sold for $290,000 in December 2023, while its assessed value is notably lower at $25,100. This indicates property taxes are likely based on the lower assessed value, which can be an ongoing financial advantage.
2. Is the living space sufficient for a growing family?
With 1,012 sqft above grade, the living area is below the Winnipeg average. The renovated basement provides crucial additional space, making the home more viable for a small family, but overall square footage remains compact.
3. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope or finishes. A professional inspection is recommended to understand the quality of the renovation, its compliance with permits, and its suitability for your needs.
4. How does the lack of a garage affect daily life and value?
The home has no garage, which is a consideration for vehicle storage, security, and additional workshop or storage space. This is common for many bungalows of this era and is reflected in the home’s value proposition.
5. How does this home rank within its immediate area?
The data shows a mix: the lot and living area are around average for the street, but the home is newer than many neighbours. Its sale price was around average for Bernadine Crescent but below average for the broader Buchanan neighbourhood and Winnipeg overall, positioning it as a competitively priced option on its block.