Property Overview
This 4-level split home at 66 Lake Ridge Road in Crestview presents a practical opportunity with distinct advantages. Its key appeal lies in its strong positioning within its immediate neighborhood. The 1,200 sqft living area is notably spacious for Lake Ridge Road, ranking in the top 1% of homes on the street. It sits on a 5,344 sqft lot that is also above average for the area. Built in 1970, it is a slightly newer home compared to its direct neighbors. The assessed value is modest relative to the wider city, which can be appealing for property tax considerations. The home features a detached garage and a basement that is noted as not being renovated, indicating potential for customization.
This property would suit a value-conscious buyer looking for above-average space on a quiet street, or a handy person who sees the unrenovated basement as a blank canvas rather than a drawback. It’s a home that offers more room and a larger lot than most on its block, making it a standout in its micro-location, even if its metrics are more average when compared to the entire city.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
Very favorably. With 1,200 sqft of living space, this home is in the top 1% on Lake Ridge Road for size, offering more interior space than most direct neighbors.
2. Is the property tax assessment typical?
The assessed value is above average for Lake Ridge Road but below the average for both the Crestview area and Winnipeg city-wide. This suggests property taxes may be relatively manageable for the amount of house and land you get.
3. What does "basement not renovated" imply?
It indicates the basement is in original or functional condition, not updated with modern finishes. This is a key point for buyers: it lowers the immediate move-in cost but presents an opportunity (and future expense) to finish the space to your own taste.
4. How does the lot size compare?
The lot is 5,344 sqft, which is larger than most on Lake Ridge Road (top 20%). However, it is slightly below the average lot size for the broader Crestview neighborhood.
5. The home sold in 2021. What does the historical data suggest?
The 2021 sale price ranked in the top 12% for the street at the time, indicating it has been perceived as a premium property on this specific block. This history of strong relative value on its street is a positive signal.