Property Overview: 110 Savoy Crescent
This well-situated Betsworth bungalow presents a compelling opportunity for a specific set of buyers. Its primary appeal lies in the combination of a very large, private lot within a mature neighbourhood and the practical, single-level living of a maintained one-storey home. At approximately 12,815 square feet, the property lot is exceptionally spacious, ranking in the top 3% locally, which offers rare potential for gardening, recreation, or future expansion. The home itself, built in 1976, features a finished basement and an attached garage, providing essential functional space. While the 1,176 sqft living area is modest relative to the land size, it represents a manageable footprint. The 2024 assessed value of $401,000 suggests solid market positioning. This property is ideally suited for downsizers or empty-nesters seeking main-floor living without sacrificing outdoor privacy, or for value-conscious buyers who prioritize land size over a large interior and see potential in the existing structure. A less obvious perspective is its appeal to those seeking a "blank canvas" property—where the significant lot allows for future landscaping, a workshop, or even a major addition, making the current home a foundation for long-term customization.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The lot of 12,815 sqft is a standout feature, placing it in the 97th percentile for all of Winnipeg. It is significantly larger than average, offering a level of privacy and space uncommon in the city.
2. What is the neighbourhood like, and how does the home rank within it?
Betsworth is a mature, established neighbourhood. This property ranks highly within it for lot size (top 12%) but is more average in terms of building age and living area, indicating it's a land-value proposition in a desirable area.
3. Is the basement included in the listed living area?
No. The listed living area of 1,176 sqft refers to the above-ground, main-floor living space. The home also has a separate, finished basement, which adds significant functional square footage.
4. The home was built in 1976. What should I consider regarding its age?
While well-maintained, a 50-year-old home will likely have aging components like the roof, windows, and major mechanical systems (furnace, water heater). A thorough inspection is advised to budget for potential updates, though the core structure is from a period known for solid construction.
5. The 2019 sale price was $325,000. How relevant is that to today's value?
It provides historical context, but the current $401,000 assessment reflects market changes over five years. The assessment is a starting point for value; the final market price will be determined by current condition, updates made since 2019, and present-day buyer demand.