Property Overview
34 Savoy Crescent presents a well-established family home in Winnipeg's Betsworth neighbourhood. Its primary appeal lies in offering substantial space and land in a mature setting, combined with strong value metrics compared to the wider market.
Key Characteristics & Appeal
This 1977-built bi-level home sits on a notably large, approximately 10,765 sqft lot, placing it in the top tier of properties locally for land size. With 1,266 sqft of living space and a finished basement, it provides practical, multi-level living. The home's standout characteristic is its consistently high market rankings: it surpasses 95% of Winnipeg homes for lot size and 80% for assessed value ($485,000), indicating a property that is competitively positioned and perceived as a solid asset.
The appeal is for the pragmatic buyer who values space and established communities over new construction. It perfectly suits a family looking for ample outdoor room for children and pets, or a buyer with future renovation or expansion plans, given the generous lot. The strong assessment value relative to its last known sale price in 2019 ($387,000) also suggests it may attract those looking for a property with evident equity growth. It’s a home for someone who sees the inherent value in land and location, appreciates a neighbourhood's mature character, and is comfortable with a house that has a history and potential for personalization.
Frequently Asked Questions
1. What is a bi-level style home, and what are its pros and cons?
A bi-level, or split-entry, home features a short staircase that leads both up to the main living areas and down to a lower level. The style often makes efficient use of space and can offer good separation between living and sleeping areas. A consideration is that the entryway is typically between floors, which some find less grand than a traditional foyer.
2. The home was built in 1977. What should I be mindful of?
While the home has been maintained, a buyer should prioritize inspections of major systems common to that era, such as the roof, original windows, plumbing, and electrical wiring. The good condition of the finished basement should also be verified for any signs of moisture.
3. The lot is exceptionally large. What are the benefits and responsibilities?
The nearly quarter-acre lot is a major asset, offering privacy, space for gardens, play, or additions. The responsibility involves more extensive yard maintenance—mowing, landscaping, and snow removal—which can mean higher costs in time or money for services.
4. The assessed value is significantly higher than the 2019 sale price. What does this mean?
The current assessment reflects the municipal government's estimate of its market value for tax purposes as of a prior date. It indicates strong appreciation and that the property is viewed as a high-value home in its area. The eventual sale price will be determined by the current market, but the assessment suggests a solid financial foundation.
5. How do the provided "rankings" work, and why are they important?
These rankings compare this property against others on its street, in Betsworth, and across all of Winnipeg for metrics like lot size and age. For example, ranking in the "top 5%" city-wide for lot size is a powerful, data-driven indicator of one of this home's rarest and most valuable features, helping you understand its competitive standing objectively.