Property Overview: 17 Sandra Bay, Crescent Park, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-situated, one-storey home in Winnipeg's Crescent Park neighbourhood. Built in 1954, it is one of the older homes on its street, suggesting a established, mature streetscape. With 1,056 sqft of living space, it is a compact and manageable footprint, sitting on a generous 6,536 sqft lot that is larger than the city-wide average—a key asset for those valuing outdoor space. The home features a renovated basement, adding functional living area. Notably, it lacks a garage and a pool.
Its primary appeal lies in its balance of a solid lot size within a mature neighbourhood, paired with a home that presents a straightforward renovation or maintenance project. The renovated basement offers immediate utility. It suits first-time buyers seeking an entry point into a stable area, downsizers looking for a single-level layout without a sprawling yard, or value-focused investors attracted by the below-average assessed value relative to the Crescent Park area, seeing potential in the land or a future renovation.
A less obvious perspective is its data position: while its living space is modest for the immediate area, its lot size is a strong performer city-wide. This suggests the property's long-term value may be more tied to its land than its current structure, appealing to those with a future vision.
Section 2: Frequently Asked Questions
1. How does this home compare in size to its neighbours?
At 1,056 sqft, the living area is below the average for both Sandra Bay and the wider Crescent Park area, indicating it is one of the more compact homes in the neighbourhood.
2. What is the significance of the assessed value?
The assessed value of $38,400 is below the Crescent Park average. This can suggest a potentially lower property tax burden and may indicate a price point below newer or more updated homes in the area.
3. Is the lot size a positive feature?
Yes. The 6,536 sqft lot is larger than the Winnipeg city-wide average, offering more outdoor space than many properties. On Sandra Bay itself, it is roughly average.
4. What does the 1954 build year mean for a buyer?
As one of the older homes on the street, buyers should budget for updates consistent with a home of this age. The positive is that major systems in a 72-year-old home have likely been replaced over time, but a thorough inspection is crucial.
5. Was the previous sale price typical?
The home last sold for $300,000 in September 2016. Market conditions have changed since then, so this figure is a historical data point rather than a direct indicator of current value.