Property Overview: 227 Carson Bay, Crestview, Winnipeg
Key Characteristics & Appeal
This is a well-situated, one-storey home in Winnipeg's Crestview neighborhood, built in 1961. With 1,025 sqft of living space, it is a comfortably sized home that is slightly below the average size for the area, suggesting a more manageable footprint. A key feature is its renovated basement, adding valuable finished space. The property stands on a generous 5,951 sqft lot, which is above average for Carson Bay street itself, offering good outdoor potential. It includes a detached garage.
The appeal lies in its strong position within its immediate locale. The home's assessed value ranks notably above average for both its street and the wider Crestview area, indicating it is perceived as a higher-value property among its direct peers. This suggests potential for solid investment within the neighborhood context. It would suit first-time buyers or downsizers looking for a single-level layout in an established area, and value-conscious buyers who appreciate a home that stands out positively in its local market comparisons. The large lot is a bonus for those wanting garden space or future expansion.
Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home was last sold in September 2017 for $31,800. Its current assessed value is $35,300, which is higher. This indicates a positive shift in its municipal valuation over that period.
2. Is the lot size a significant advantage?
Yes, particularly on its own street. The lot is over 5,950 sqft, ranking in the top 25% on Carson Bay. This is a tangible asset, providing more private outdoor space than many neighboring properties.
3. The living area is noted as below average. How significant is this?
At 1,025 sqft, it is modest for the city and Crestview. However, with a renovated basement, the total usable space is greater. This makes it efficient for daily living while offering extra finished area below grade.
4. What does the "above average" assessed value ranking mean for me?
It suggests that, compared to similar homes on the street and in Crestview, this property holds a higher value in the city's assessment. This can be a marker of good relative standing in the neighborhood, though market conditions ultimately determine sale price.
5. The home is 65 years old. What should I consider?
While the systems and structure should be thoroughly inspected, the age is typical for Crestview. The renovated basement is a positive update. Focus on the condition of major components like the roof, foundation, plumbing, and electrical, which may need attention or updating due to the home's age.