Property Overview: 48 Garnet Bay, Crescent Park, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic, renovated one-storey home built in 1958 on a mature lot in Crescent Park. Its key features include a renovated basement and a detached garage. The home’s primary appeal lies in its location within a well-established neighbourhood and its manageable, efficient scale. With 1,100 sqft of living space, it offers a simpler, low-maintenance footprint compared to larger modern homes.
The property presents a compelling case for specific buyers. It would suit a first-time homebuyer seeking an entry point into a desirable area, or a downsizer looking to rightsize without leaving a mature community. The renovated basement adds valuable flexible space, which could function as a rec room, home office, or guest suite. A thoughtful perspective is that while the lot size is below average for the immediate street, it still provides generous outdoor space by city-wide standards, offering a balance of yard upkeep and utility. The home’s assessed value positions it as a relative value within its neighbourhood, suggesting potential for those prioritizing location over sheer size.
Section 2: Frequently Asked Questions
1. Is the home’s smaller living area a significant drawback?
Not necessarily. The 1,100 sqft layout, combined with a renovated basement, provides efficient living space. This can mean lower utility costs and less maintenance, which is ideal for individuals, couples, or small families.
2. How does the lot size compare practically?
While the land is below average for Garnet Bay, it is still nearly 6,000 sqft—a substantial size by most measures. It offers plenty of room for gardening, recreation, and privacy, but with less demanding upkeep than the largest lots on the street.
3. What does "renovated basement" typically mean for a home of this era?
For a 1958 home, a renovated basement often includes modern moisture management, updated finishes, and legal ceiling height. It’s crucial to review the specifics of the renovation, including permits, to understand the quality and scope of the work.
4. The home is older; should I be concerned about major systems?
The year built (1958) is actually above average for the neighbourhood, meaning many homes nearby are of a similar vintage. A thorough inspection is always advised to assess the condition of the roof, foundation, plumbing, and electrical systems, which may have been updated over time.
5. How stable is the property value in this location?
Crescent Park is a long-established, sought-after neighbourhood. While this specific home has a below-average assessed value for the area, this can represent a stable investment with the added benefit of being in a community with consistent demand, which can help protect long-term value.