Property Overview: 7 Hedges Bay, Crestview, Winnipeg
Key Characteristics & Appeal
This well-maintained one-storey home in Crestview offers a practical and comfortable living space of 1,220 sqft, which is above average for both its immediate street and the wider neighborhood. Its key feature is a renovated basement, adding valuable finished space, and it includes an attached garage. Built in 1964, the home is a classic example of the area's housing stock.
The primary appeal lies in its strong positioning within a desirable context. The assessed value ranks in the top 13% for both Hedges Bay and Crestview, suggesting it is a premium property in a premium area. This indicates a well-regarded location that has held its value. While the lot size is smaller than others on the street, it is consistent with the Crestview average, making it a lower-maintenance yard without sacrificing neighborhood standards. It perfectly suits buyers looking for a move-in ready, single-level layout in an established neighborhood, particularly those who value a finished lower level for extra living space and appreciate the stability and maturity of a sought-after community.
Frequently Asked Questions
1. How does the lot size impact the property?
While the land area is the smallest on Hedges Bay, it is on par with the Crestview average. This translates to less yard maintenance while still providing private outdoor space, which can be a desirable trade-off for many buyers.
2. What does the high assessed value ranking mean?
Ranking in the top 13% for assessed value on its street and in the neighborhood strongly suggests that 7 Hedges Bay is considered one of the more valuable homes in a valuable area. This typically reflects a combination of the home's condition, updates (like the renovated basement), and its specific location within Crestview.
3. Is the living space adequate for a family?
At 1,220 sqft, the living area is above the local averages. Combined with the renovated basement, it provides flexible space that could accommodate a small to medium-sized family, especially given the single-storey layout's convenience.
4. What might the 1964 build date imply?
As a home from the mid-60s, buyers can expect classic construction and character. The renovated basement shows updates have been made. A prospective buyer should ensure a thorough inspection to understand the condition of core systems like plumbing, electrical, and the roof, which may be original or nearing their lifespan.
5. How does the last sale price from 2020 relate to current value?
The home sold for $340,000 in late 2020. This figure provides a historical benchmark, but the current assessed value and market conditions since that date will be the primary drivers of its present listing price and value.