Property Overview
This one-storey home at 74 Bathgate Bay in Winnipeg's Crescent Park neighbourhood presents a practical and grounded opportunity. Built in 1955, it sits on a generous 6,379 sqft lot, which is notably above average for its immediate street and the city overall. The 1,120 sqft living area is comfortably in the middle range for the area, and the home features a renovated basement and a detached garage. It recently sold for $37,500.
Its appeal lies in its established, quiet location and the value of its land size, offering room for gardening, play, or future expansion. The renovated basement adds functional living space. This property would suit first-time buyers seeking an entry point into a stable neighbourhood, practical homeowners who value private outdoor space over a large interior footprint, or investors looking for a manageable rental property with land value.
Key Details & FAQs
Key Characteristics & Appeal
This is a home that prioritizes land over square footage. While the house itself is average in size for Crescent Park, the lot size is a standout feature, ranking in the top quarter on its street. This creates a distinct value proposition: you're purchasing significant outdoor space in an established neighbourhood. The renovated basement immediately adds usable living area without the need for a project. Given its age, buyers should be prepared for the maintenance typical of a 71-year-old home, but its recent sale suggests it's in liveable condition. It best suits a buyer who sees potential in the land itself—whether for quiet enjoyment, gardening, or future upgrades—and appreciates the character and maturity of the Crescent Park area.
Frequently Asked Questions
1. How does the recent sale price compare to the assessed value?
The home sold for $37,500 in November 2024, which is slightly below its most recent assessed value of $38,600. This close alignment suggests the sale was near market value.
2. Is the lot size unusually large for the area?
Yes. The lot is 6,379 sqft, which is above average for Bathgate Bay street itself (top 23%) and well above the Winnipeg city-wide average. This is one of the property's defining features.
3. What does the "renovated basement" typically mean for a home of this age?
While specifics aren't listed, in a 1955 home this likely means updated finishes and possibly added living space, such as a family room or additional bedroom. It's a key advantage, as finishing a basement in an older home can be a significant project.
4. The home is described as "around average" in many metrics. Is that a drawback?
Not necessarily. It indicates the property is typical for the neighbourhood, which can be positive for resale value. Its appeal is in the combination of a standard-sized, updated home on a larger-than-standard lot, offering a balance of indoor and outdoor space.
5. Who might this property not suit?
It may not suit those seeking a modern, open-concept layout or a brand-new home, given its 1955 construction. Buyers looking for a very large interior or specific amenities like a pool or attached garage would also need to look elsewhere.