60 Garnet Bay

Property Overview: 60 Garnet Bay, Crescent Park, Winnipeg

Key Characteristics & Appeal

This is a well-situated, single-storey home in Winnipeg's Crescent Park neighbourhood. Built in 1961, it is notably newer than most homes on its street and in the immediate area, which can be an advantage for systems and upkeep. The 1,075 sqft living area is cozy and efficient, positioned below average for the local area but around the city-wide norm, suggesting a manageable layout for simpler living. Its appeal is grounded in its generous 6,809 sqft lot, which is above average city-wide, offering valuable outdoor space and potential in a mature neighbourhood. A key feature is the renovated basement, adding functional living space. With no garage and no pool, the property presents as a straightforward, low-maintenance home. Its assessed value is positioned below average on its street but aligns with broader area and city benchmarks, indicating a potentially accessible entry point into the neighbourhood.

This home would suit first-time buyers or downsizers seeking a established community with room to garden or enjoy outdoor space without the upkeep of a larger house. It’s a practical choice for those who value a newer-build year in an older area and prefer a renovated, move-in-ready basement over a larger above-ground footprint.

Frequently Asked Questions

Q: How does the home’s size compare to the neighbourhood?
A: At 1,075 sqft, the living area is below the average for both Garnet Bay and the wider Crescent Park area. This indicates a more compact, efficient layout compared to many nearby homes.

Q: What is the significance of the 1961 build year?
A: The home was built later than most on its street and in Crescent Park. This can be a positive, suggesting potentially newer foundational materials, wiring, or plumbing compared to neighbouring houses from the 1950s.

Q: Is the lot size a major feature?
A: Yes. The 6,809 sqft lot is a standout, ranking above average city-wide. For the neighbourhood, it offers a larger-than-typical private outdoor space, which is a valuable asset.

Q: How should I interpret the assessed value rankings?
A: The assessment is below average for Garnet Bay specifically but aligns with averages for Crescent Park and city-wide. This often reflects the home’s smaller living area and can mean a relatively lower property tax burden for the area.

Q: What does the sale history indicate?
A: The home last sold in June 2016 for $28,500. This historical price is not indicative of current market value but confirms a long period of stable ownership prior to that date.