62 Mccreedy Road

Property Overview: 62 McCreedy Road, Valley Gardens, Winnipeg

Section 1: Key Characteristics & Appeal

This 842 sqft bungalow, built in 1977, presents a practical and affordable entry point into the established Valley Gardens neighborhood. Its primary appeal lies in value and condition relative to its immediate surroundings. While the living space is modest—ranking below average for its street, neighborhood, and city—the home is the newest build on McCreedy Road, suggesting potentially fewer age-related issues than its neighbors. The assessed value is comfortably below both the street and city averages, indicating a competitively priced opportunity.

The property would suit first-time buyers or downsizers seeking a manageable footprint without a major renovation project. The lot size is typical for the area, offering adequate outdoor space without excessive maintenance. A thoughtful perspective is that this home represents a "value-play" on a street of slightly larger, older homes; buyers are effectively trading interior square footage for a newer structure and a lower price point, betting on the long-term stability of the location.

Section 2: Frequently Asked Questions

1. Is the living area too small?
At 842 sqft, the home is cozier than many comparable properties. It requires efficient use of space but offers lower utility costs and less upkeep, which can be a worthwhile trade-off for the right buyer.

2. How does the assessed value relate to the asking price?
The assessed value of $313k is a municipal valuation for tax purposes. It is below the average on this street ($326.9k) and significantly below the Winnipeg average ($390.1k), which often indicates a more affordable entry point, but the final sale price will be determined by the market.

3. What does "newest on the street" actually mean?
Built in 1977, this home is one year newer than the street average. While not a new build, this can imply updated foundational systems (like wiring or plumbing) for its era compared to immediate neighbors, possibly reducing near-term capital costs.

4. Is the lot size a disadvantage?
At 5,438 sqft, the lot is slightly smaller than the street average but very close to the neighborhood average. It provides standard yard space for a home of this era and style, not an unusually small parcel.

5. How does this property fit within the wider neighborhood?
The data shows this home is more aligned with neighborhood averages than with its specific street. This suggests McCreedy Road may have slightly larger homes on average, but this property's value and lot size are consistent with the broader Valley Gardens area, offering its benefits at a lower price.