3 Crystal Lake Terrace

Property Overview & Key Characteristics

This two-storey home at 3 Crystal Lake Terrace is a modern property, built in 2023, offering a move-in-ready opportunity in Winnipeg's South Pointe West neighbourhood. Its primary appeal lies in its combination of new construction benefits and above-average space. With 2,166 sqft of living area, it ranks in the top 5% of homes on its street for size, and it sits on a substantial 5,008 sqft lot. The home features an attached garage and a basement (unrenovated), providing a blank canvas for future expansion.

The property suits buyers looking for a modern home without the wait of building, who value spacious interiors and a larger lot in a newer community. Its strong rankings for living area and year built suggest it is a notably contemporary and roomy option compared to many in the wider Winnipeg area. A thoughtful perspective is that while the basement is unfinished, this allows the next owner to customize the space to their specific needs without needing to undo previous renovations. The recent 2023 sale also provides a clear, up-to-date market benchmark for value.

Frequently Asked Questions

1. What does the "Top X%" ranking mean for this property?
These rankings compare this specific home against others on its street, in the South Pointe West neighbourhood, and across all of Winnipeg. For example, ranking in the top 5% for living area on its street means it is larger than 95% of the homes on Crystal Lake Terrace.

2. The assessed value is $55.20k, but it sold for $60.50k in 2023. Why the difference?
Municipal assessed value for taxation purposes often lags behind current market value. The more recent sale price from July 2023 is generally a stronger indicator of the home's market worth.

3. What is the significance of the lot size?
At 5,008 sqft, the lot is larger than average for the area (ranking in the top 23% on its street). This offers more outdoor space for gardening, recreation, or future additions like a deck or shed, which can be a premium in newer subdivisions.

4. The basement is noted as "not renovated." What condition is it in?
As a 2023 build, the basement is almost certainly unfinished but functional. It will have bare walls, concrete floors, and be ready for insulation, drywall, and flooring to be completed as a future project.

5. How does this home compare to other newer builds in the area?
The provided "Worth viewing" comparisons show nearby homes built in 2024 with smaller living areas (1,500-1,820 sqft) and similar assessed values. This suggests 3 Crystal Lake Terrace may offer more interior space for a comparable price point, being just one year older.