42 Cassin Crescent

Property Overview: 42 Cassin Crescent, Island Lakes, Winnipeg

Key Characteristics & Appeal

This is a well-maintained, single-storey home built in 1988, offering a practical and comfortable layout with 1,295 sqft of living space and a renovated basement. It sits on a 6,100 sqft lot in the established Island Lakes neighbourhood and includes an attached garage.

The primary appeal lies in its balance and value. While the home's size is modest for its immediate street and area, it is very close to the Winnipeg city-wide average, suggesting a manageable and efficient footprint. Its assessed value is notably strong city-wide, ranking in the top 23%, which indicates a favorable valuation compared to the broader market. This creates a scenario of a home that may feel cozy on its street but represents a solid, above-average asset within the entire city.

It would suit first-time buyers or downsizers seeking a low-maintenance, single-level layout in a mature neighbourhood. The renovated basement adds functional space, making it a practical choice for small families or those who work from home. A thoughtful buyer will appreciate that it’s a home which punches above its weight in terms of city-wide value, even if it isn't the largest on the block.

Frequently Asked Questions

1. How does this home's size compare to others?
At 1,295 sqft, the living area is below the average for both Cassin Crescent and the wider Island Lakes area. However, it is very close to the average home size across the entire City of Winnipeg, indicating a manageable and typical footprint for many buyers.

2. What does the assessed value tell me?
The assessed value of $47.90k is around average for its immediate surroundings but ranks in the top 23% city-wide. This suggests the property holds stronger value compared to homes across Winnipeg, which can be a positive indicator for long-term equity.

3. Is the lot size a pro or a con?
The 6,100 sqft lot is slightly below average for the city but is consistent with the lot sizes on Cassin Crescent. It provides ample outdoor space for gardening or recreation without the burden of extensive lawn maintenance.

4. What can past sale prices indicate?
The home sold previously in 2016 and 2020. The price increase between those sales, along with its current strong city-wide assessment, suggests a history of appreciating value. However, market conditions have changed since 2020, so a current evaluation is necessary.

5. Who would this neighbourhood suit?
Island Lakes is an established, family-friendly community with parks, waterways, and local amenities. This home is ideal for those who value a quiet, residential setting with a sense of community, and who may prioritize a renovated, move-in-ready property over a larger, dated project home.