Property Overview: 75 Garnet Bay, Crescent Park, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-situated, single-storey home in Winnipeg's Crescent Park neighbourhood, built in 1955. Its primary appeal lies in its generous 7,018 sqft lot, which is above average citywide and offers significant outdoor space and potential in a mature area. The home itself, at 1,136 sqft of living space, is cozy and efficient, with the practical benefit of a renovated basement. A detached garage adds utility.
The property suits buyers looking for a solid foundation in a stable neighbourhood. It’s ideal for those who value a large yard over a large house—perfect for gardening, play, or future expansion. The renovated basement adds immediate livable space without the need for initial projects. Given its metrics, it represents a pragmatic entry into the market for first-time buyers or a downsizing opportunity for those seeking a manageable home with ample outdoor room. A thoughtful perspective is that its "around average" rankings across the board for the street and area suggest it’s a typical, blended-value property for Crescent Park, unlikely to be over-improved for the location, which can be a smart financial footing.
Section 2: Frequently Asked Questions
1. Is the lot size a significant feature?
Yes. The lot is over 7,000 sqft, placing it in the top 17% citywide for size. This is a standout feature, offering more private outdoor space than most Winnipeg homes.
2. How does the home’s size compare to others?
The living area is 1,136 sqft, which is slightly below average for Garnet Bay street but around the citywide average. It indicates a comfortable, more compact main floor layout, with the renovated basement providing additional finished space.
3. What does the assessed value tell me?
The assessed value is consistent with averages for both the street and the broader Crescent Park area. This suggests the property is valued in line with its immediate peers, providing a stable benchmark for market expectations.
4. The home was built in 1955. What should I consider?
While the basement has been renovated, a home of this age will have core systems (like plumbing, electrical, and the roof) that are likely original or older. A thorough inspection is essential to understand the condition and any upcoming maintenance.
5. Who would this property suit best?
It best suits practical buyers who prioritize lot size and location over a large interior footprint. It's an excellent fit for first-time homeowners comfortable with a character home, or downsizers looking for a manageable property with a great yard in an established neighbourhood.