Property Overview: 45 Makinak Bay, Crestview, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Crestview presents a compelling blend of space, location, and established value. Built in 1969, it features 1,584 sqft of living area, a renovated basement, an attached garage, and a private pool. The data reveals its standout position: its living space is in the top 7% for its street and top 3% within the desirable Crestview neighbourhood, offering more room than most comparable homes nearby. Its assessed value ranks in the elite top 3% on Makinak Bay, indicating it is a high-caliber property within its immediate setting.
The appeal lies in its proven desirability in a mature community. It suits buyers looking for a move-in-ready home with generous interior space and private outdoor amenities like a pool, all within a well-regarded area. A thoughtful perspective is that this home represents a "best-in-class" option for its specific street and neighbourhood, rather than just the city at large. It’s ideal for someone who values established communities, appreciates the character of a late-60s build with updates, and wants a property that has historically held strong value relative to its peers.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to recent sales?
The home last sold in March 2018 for $40,500. Its current assessed value is $43,700, which ranks very high for the street and neighbourhood. This suggests steady appreciation and a strong valuation foundation.
2. Is the lot size typical for the area?
Yes. The 5,504 sqft lot is around the average for both Makinak Bay and the broader Crestview area, offering standard suburban space without being an outlier.
3. The home was built in 1969. 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 nearing their lifespan. A thorough inspection is advised to plan for future updates.
4. What does its "elite" ranking for assessed value on the street mean?
It means that of the 30 comparable properties on Makinak Bay, this home has the highest assessed value. This often correlates with larger size, better updates, or more desirable features (like the pool), positioning it as a premium home on the block.
5. How does it fit within the wider Winnipeg market?
Citywide, its living space is above average (top 26%), but its assessed value is around the middle of the pack (top 31%). This highlights that you are paying a premium for the specific Crestview location and the home's standout attributes within that neighbourhood, rather than for sheer size alone compared to the entire city.