Property Overview
This two-storey home at 70 Stardust Crescent in Winnipeg’s Leila-Mcphillips Triangle neighbourhood presents a compelling opportunity. Built in 1987, it features 1,869 sqft of living space, an attached garage, and a renovated basement. The property sits on a 7,033 sqft lot.
Key Characteristics & Appeal
The primary appeal of this home lies in its above-average size and value metrics within its immediate context. Its living area is in the top 22% for its street and top 15% city-wide, offering more space than most comparable homes. Notably, its assessed value ranks in the top 6% on its street and top 7% in the area, suggesting it is perceived as a higher-value property relative to its neighbours—a point for buyers to investigate further. The renovated basement adds functional, modernized space.
It would suit buyers looking for a well-sized family home in a mature neighbourhood who appreciate a property that stands out in terms of scale and municipal valuation on its block. The significant price appreciation between its 2016 and 2024 sales indicates strong market momentum, appealing to those mindful of investment potential. A thoughtful perspective is that while its high assessed value ranking is positive, it’s wise to understand the specific renovations or features that justify it compared to nearby homes.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finishes, legal egress, ceiling height, and whether it includes a bathroom or kitchenette to understand its full utility.
2. How does the high assessed value impact property taxes?
A higher assessed value typically leads to higher property taxes. Prospective owners should factor this into their budgeting, as this home’s value is ranked significantly above average for its street and area.
3. Why was there such a large increase in sold price between 2016 and 2024?
The sold price range increased from approximately $33.5k–$36.5k in 2016 to $56.5k–$59.5k in 2024. This likely reflects market-wide appreciation, possible improvements made to the property, and the home's desirable characteristics. Requesting the exact sold price history can provide clearer detail.
4. Is the lot size typical for the area?
At 7,033 sqft, the lot is around the average for Stardust Crescent and slightly above the city-wide average. It offers a standard suburban yard space for the neighbourhood.
5. What are the implications of the home's "above average" rankings?
These rankings show the home is larger and more highly valued than many peers. While this suggests a premium property on its street, it also means buyers are paying for that standout position. It’s beneficial to view nearby comparable listings to judge value personally.