Property Overview: 274 Carson Bay, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on its generous lot. Built in 1961, the 1,014 sqft house is modest in size compared to local, area, and city averages. However, its true standout feature is the 7,292 sqft land parcel, which ranks in the top 10-15% across all comparison groups. This creates a scenario where the assessed value ($333K) is driven more by the desirable land size than the existing living space, placing it above average for its immediate street.
The appeal here is for a specific buyer: one who sees potential in the land itself or is willing to invest in the home. It suits a buyer looking for outdoor space, future expansion possibilities (like an addition or large garden), or a longer-term renovation project. It’s less suited for someone seeking a move-in-ready home with ample modern square footage. A thoughtful perspective is that this property offers a relatively affordable entry into the Crestview neighborhood, with the lot size providing a tangible asset that smaller, newer infill properties often lack.
Frequently Asked Questions
1. Is the house in original condition?
Given its 1961 build date and that the living area is below average, it is very likely the home retains much of its original layout and will require updates. Buyers should budget for modernizing essential systems and finishes.
2. Why is the assessed value relatively high for a smaller, older home?
The assessment reflects the property’s substantial lot size, which is significantly larger than most comparable lots. In many markets, and particularly on this street, land value is a major component of the total property value.
3. Can the lot be subdivided?
This is a key question for a lot of this size. Any subdivision would be subject to the City of Winnipeg’s zoning bylaws and development plans. A buyer would need to consult directly with the city to investigate this possibility.
4. How does the lack of sales history affect understanding its market price?
Without recent sale data for this specific address, the assessed value is a guide, but not a guarantee of market value. The price will ultimately be determined by current market demand for homes with large lots in Crestview.
5. How do I get verified information on past sales for comparison?
As noted in the listing, sold price data here is from public records. For fully verified transaction history and exact figures, you must request a manual lookup from the site via email, as MLS data is not displayed.