Property Overview: 30 Galbraith Crescent, Winnipeg
Key Characteristics & Appeal
This bi-level home at 30 Galbraith Crescent in Crestview is a compact, efficiently sized property built in 1973. With 829 square feet of living space, it is notably smaller than most homes on its own street and in the wider city, positioning it as a lower-maintenance option. Its key features include a renovated basement and a detached garage. The lot size is just under 6,000 square feet, which is fairly typical for the area and offers manageable outdoor space.
The primary appeal lies in its value and practicality. The home's assessed value is modest and aligns closely with averages for both Crestview and Winnipeg, suggesting a straightforward entry point into the market. For its neighbourhood, it is actually one of the newer homes, ranking in the top 4% by year built in Crestview. This is a less obvious advantage, implying potentially fewer immediate concerns with aging infrastructure compared to older neighbours. The renovated basement adds functional living space.
This property would best suit first-time buyers, downsizers, or investors seeking an affordable, no-fuss home in a stable neighbourhood. It’s for those who prioritize financial accessibility and manageable upkeep over sheer size, and who may see the value in a home that is newer than most in the immediate area.
Frequently Asked Questions
1. Is the living space too small?
At 829 sq ft, the home is significantly smaller than the average Winnipeg house. It requires efficient use of space but offers a renovated basement to expand usable living area.
2. How does the assessed value affect property taxes?
With an assessed value around $32.7k, property taxes should be relatively manageable compared to higher-valued homes, which is a key part of its affordability.
3. What does it mean that it's a "newer" home in Crestview?
Built in 1973, this home is newer than 96% of homes in Crestview. This can be an advantage, potentially meaning updates to major systems are more recent and in line with modern standards than much older stock.
4. What is the potential for expansion or renovation?
The lot size is standard for the area. Any significant expansion would require checking local zoning bylaws, but the existing renovated basement already adds to the functional space.
5. How does the 2020 sale price relate to current value?
The home sold for $25.1k in June 2020. Market conditions have changed since then, so the current assessed value and any listing price should be considered the relevant metrics for today’s value.