Property Overview: 1 Sandra Bay, Crescent Park, Winnipeg
Key Characteristics & Appeal
This is a well-situated, single-storey home on a generous 6,536 sqft lot in Winnipeg's Crescent Park neighbourhood. Built in 1954, it is slightly older than many on its street but sits on a parcel of land that is above average in size citywide. The home itself, at 1,074 sqft of living space, is more compact compared to many neighbours, suggesting a focus on efficient living or significant potential for expansion. Key features include a renovated basement and a detached garage.
Its primary appeal lies in its land value and location. The lot size offers a notable amount of private outdoor space for the area, which is a significant asset. The renovated basement adds immediate functional living space. This property would suit a practical buyer looking for a solid foundation in a established neighbourhood—perhaps a first-time homeowner comfortable with a cosier main floor, an investor seeing long-term land value, or someone planning a future renovation or addition who values the existing structural work on the basement.
A less obvious perspective is that its below-average assessed value for the street and neighbourhood could represent a relative value entry point into Crescent Park, especially when paired with the larger-than-city-average lot. It’s a property where the value may be more in what you have (the land, the location) and what you can do, rather than in high-end finishes or square footage.
Frequently Asked Questions
1. Is the house small compared to others on the street?
Yes. The living area is below average for both Sandra Bay and the wider Crescent Park area, ranking in the bottom 30% among immediate neighbours. The home offers efficient, single-level living.
2. How does the lot size compare?
The lot is a key feature. While around average for the street and neighbourhood, it is above average (top 22%) when compared citywide, offering substantial outdoor space.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope or finishes. This would be a key detail to clarify with the seller or listing agent to understand the added living space.
4. Why is the assessed value lower than many neighbours?
The assessed value is below average for both the street and Crescent Park. This typically reflects the home's smaller living area, older age, and the fact that assessment models may not fully capture recent renovations or the premium value of the lot size in today's market.
5. How old is the home, and what might that mean?
Built in 1954, it is slightly older than the average home on Sandra Bay. This suggests potential for original building materials and character, but also means attention should be paid to the age of major systems like plumbing, electrical, and the roof during an inspection.