Property Overview: 70 Crowson Bay, Crescent Park, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1954, situated on a mature lot in Winnipeg's Crescent Park neighborhood. With 1,100 sqft of living space and a renovated basement, it presents a practical, low-maintenance footprint. The home’s assessed value is notably modest for its street and area, which can translate to favorable property taxes. Its appeal lies in this efficiency and value proposition, rather than in size or modern luxury.
The property would suit first-time buyers seeking an entry point into a stable neighborhood, downsizers looking to simplify without leaving the community, or value-focused investors. A thoughtful perspective is that while the house itself is smaller and older than many on the street, it sits on a lot that is larger than the city-wide average, offering potential for outdoor enjoyment or future expansion, subject to approvals. Its recent sale in July 2024 suggests a refreshed market valuation, providing a clear, contemporary price benchmark.
Frequently Asked Questions
1. Is the house significantly smaller than others in the area?
Yes. At 1,100 sqft, the living area is below the average for both Crowson Bay and the wider Crescent Park area, placing it in the top third of homes when ranked from smallest to largest. This indicates a cozier, more efficient layout.
2. How do the property taxes likely compare?
The assessed value is below average for the immediate street and neighborhood. This typically results in lower municipal property taxes compared to higher-valued homes nearby, which is a key financial consideration.
3. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope or finish. This is a crucial detail to clarify with the seller or agent, as it could range from basic moisture-proofing and insulation to a fully finished living space.
4. Is the lack of a garage a major drawback?
The property has no garage. For buyers with vehicles, this means relying on driveway or street parking. This is a common feature in older neighborhoods and is a practical trade-off for the lot size and location.
5. The home is 70 years old. What should I be mindful of?
While the basement has been renovated, a home of this age will have core systems—like plumbing, electrical, and the roof—that may be original or nearing the end of their service life. A thorough inspection is essential to understand the condition and any impending updates.