Property Overview: 2 Sandra Bay, Crescent Park, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Crescent Park offers a blend of established neighbourhood character and practical updates. Built in 1954, it is notably older than many city-wide averages but is actually one of the newer homes on its own street. Its primary appeal lies in its generous proportions and strong standing within its immediate area. With 1,584 sqft of living space, it offers above-average roominess for both the street and the wider neighbourhood. The lot size is a comfortable 5,992 sqft, providing ample outdoor space typical of the area.
A key feature is the renovated basement, adding valuable finished space to the home's footprint. The attached garage adds convenience. The home’s assessed value places it in the top tier of properties on Sandra Bay and in Crescent Park, indicating a perception of above-average worth for the location.
This property would best suit a buyer looking for a move-in-ready, single-level living option in a mature neighbourhood. It appeals to those who value space, a established streetscape, and a home that stands out positively in its immediate context for its size and updated features, without the need for a new-build aesthetic.
Section 2: Frequently Asked Questions
1. How does the age of the home (1954) affect its value?
While 72 years old, this home is newer than most on Sandra Bay. Its above-average assessed value suggests that updates (like the renovated basement) and its maintained condition have positively influenced its worth compared to neighbouring properties of similar vintage.
2. Is the living space distributed well for a one-storey layout?
With 1,584 sqft on the main floor, the living area is significantly above the local averages. This suggests a potentially more spacious main-floor layout than many comparable bungalows, which is a key advantage for single-level living.
3. What does the "above average" assessed value mean for property taxes?
A higher assessed value relative to the area typically leads to a higher property tax bill. Buyers should factor this in, understanding that it reflects the city's valuation of the property's worth compared to its neighbours.
4. The home last sold in 2019 for $370k, but is now assessed at $510k. Why the large difference?
This significant increase likely reflects a combination of strong market appreciation over five years, the value added by renovations, and the city's assessment methodology. It does not guarantee a sale price at the assessed value, but indicates a substantial shift in its official valuation.
5. How does the lot size compare for the area?
At just under 6,000 sqft, the lot is slightly smaller than the Crescent Park average but is very typical for Sandra Bay itself. It offers a balanced size—manageable for maintenance while still providing good outdoor privacy and space.