Property Overview: 21 Sandra Bay, Crescent Park, Winnipeg
This two-storey home, built in 1954, presents a compelling opportunity in Winnipeg's Crescent Park neighbourhood. Its primary appeal lies in offering above-average interior space on a solid, established lot. With 1,892 sqft of living area, the home ranks in the top 14% citywide for size, providing more room than most comparable properties in the immediate area and across Winnipeg. The land parcel of 6,536 sqft is notably larger than the city average, offering good outdoor space in a mature setting. A key feature is the renovated basement, adding valuable finished living area. While the home lacks a garage or pool, its assessed value sits above average for its street and neighbourhood, suggesting a well-regarded property within its context.
This home would suit buyers looking for character and space in an established area, particularly those who value a larger interior footprint over brand-new construction. It’s ideal for someone ready to take on a home with good bones from the 1950s, potentially updating cosmetic elements while benefiting from a recently renovated lower level. The lot size also appeals to those wanting garden space or future expansion potential.
Frequently Asked Questions
What is the neighbourhood like?
Crescent Park is a mature, established neighbourhood. The data shows the home's metrics—like lot size and year built—are generally around or above average for this specific area, indicating it fits within a stable, consistent community of primarily mid-century homes.
How does the living space compare?
The 1,892 sqft living area is a standout feature. It ranks in the top 9% on its own street and top 13% in Crescent Park, meaning it offers significantly more interior space than most direct comparable homes, which average around 1,320-1,400 sqft.
Is the assessed value a good indicator of the sale price?
The current assessed value is $46.50k. Notably, the home last sold in 2017 for $41.90k. This suggests the assessed value has increased, but it's crucial to remember that assessed value for property tax purposes doesn't always equal market value. Recent sales of similar homes on the street and area should be the primary guide.
What does "renovated basement" imply?
While specific details aren't provided, a renovated basement in a 1954 home typically adds significant functional living space—such as a family room, office, or additional bedrooms. It’s a major plus, but prospective buyers should inquire about the scope, permits, and quality of the renovation.
How does the lack of a garage affect daily life and value?
The home has no garage, which is common for many older properties. This means relying on street parking or considering the cost and feasibility of adding a driveway or parking structure. For some buyers, the larger lot could provide room for a future garage, but this would be a considerable additional investment.