71 Gibraltar Bay

Property Overview: 71 Gibraltar Bay, Crestview, Winnipeg

Key Characteristics & Appeal

This well-situated one-storey home in Crestview offers a practical footprint on a generous lot. With 1,272 sqft of living space, it sits comfortably above the neighbourhood average, providing ample room in a manageable, single-level layout. The property’s standout feature is its 6,597 sqft lot, which is notably larger than most in both Crestview and Winnipeg overall, presenting significant potential for gardening, expansion, or simply enjoying private outdoor space. Built in 1967, it is a newer build compared to others on its street, suggesting potentially fewer immediate concerns with aging core components.

Its appeal lies in its grounded, no-frills proposition. The home has an unfinished basement, which is a blank canvas for future development to add value and space. The attached garage adds daily convenience. It suits first-time buyers or downsizers looking for a solid entry into a established neighbourhood without paying for premium upgrades. It’s also a sensible fit for value-oriented buyers who prioritize land size and see potential in a home they can customize over time, rather than a turn-key product.

Frequently Asked Questions

1. How does this home compare in size to others nearby?
At 1,272 sqft, the living area is larger than the average home in Crestview. The lot size of 6,597 sqft is a particular advantage, ranking in the top 18% of the neighbourhood.

2. What does the "unfinished basement" mean for me?
It means the basement is a blank space with essential structural and utility elements in place, but no finished walls, floors, or ceilings. This is a key opportunity to add living space and value according to your own needs, timeline, and budget.

3. The home was built in 1967. What should I consider?
While newer than many on its street, a home of this age will likely have had several systems updated over time. A thorough inspection is crucial to understand the current condition of the roof, wiring, plumbing, and windows.

4. Is the assessed value a good indicator of the sale price?
Not directly. The assessed value of $34.10k is for municipal tax purposes. The home last sold in March 2024 for $37.50k, which is a more relevant recent market indicator.

5. Who would this property suit best?
It’s an ideal practical home for a first-time buyer comfortable with a property that may need personalization, or a downsizer seeking a manageable single-level layout on a spacious lot. It’s for those who see potential in the land and the unfinished space, rather than a completely move-in ready finish.