Property Overview
3 Bayne Crescent presents a home of average size in a well-established neighbourhood, but its context reveals a more nuanced story. With 1,120 sqft of living space, it sits comfortably within the averages for both the Valley Gardens neighbourhood and Winnipeg overall. The lot size of nearly 6,000 sqft is a relative strength, offering more outdoor space than many homes in the immediate area. Built in 1976, the property is typical for its street but is actually newer than many homes in the wider city.
The appeal here lies in its position as a value-conscious entry into a mature neighbourhood. Its assessed value is notably lower than the street average, which could signal an opportunity for a buyer comfortable with potential updates. It suits pragmatic first-time buyers or investors looking for a solid, no-frills property in a stable area, where the value may be found in the land and the community rather than in a top-tier, renovated home. A thoughtful perspective is that this home offers the space and setting of its street, but without the premium price tag of its larger neighbours, allowing for equity growth through personalization over time.
Frequently Asked Questions
How does the below-average living area for the street affect value?
While the home is smaller than others on Bayne Crescent, this is reflected in its lower assessed value. This can be an advantage, providing access to the street and neighbourhood at a more accessible price point.
Is the lot size a significant feature?
Yes. At 5,996 sqft, the lot is above the neighbourhood average and on par with the street. This is a key asset, offering generous outdoor space that is less common in newer developments.
What does the "Top 94%" ranking for assessed value mean?
This means the home's assessed value is lower than 94% of comparable properties on its street. It ranks #17 out of 18. This indicates it is one of the most affordable homes on Bayne Crescent.
Is the 1976 build date a concern?
The year is average for the area. A home of this age will likely have had several systems updated over time, so a thorough inspection to understand the condition of the roof, windows, plumbing, and electrical is essential.
How should I interpret these rankings?
They provide context, not a verdict. The data shows this is a modest home on a street of somewhat larger, higher-value properties. It highlights a potential value opportunity within a desirable location, contingent on the property's specific condition.