Property Summary: 55 Barbara Crescent
Key Characteristics & Appeal
This 1979-built bi-level home at 55 Barbara Crescent offers a practical and affordable entry point into the Winnipeg market. Its key characteristics include a fully finished basement, an attached garage, and a notably generous 5,540 sqft lot, providing ample outdoor space that surpasses most homes on its street. With 850 sqft of living space, it is a compact and manageable property.
The appeal lies in its balance of a large, usable yard with a home that requires minimal upkeep relative to its lot size. It suits first-time buyers seeking a starter home with room to grow outdoors, or downsizers looking for a single-level living layout (main floor living in a bi-level) without sacrificing yard space. Investors may also see value in its below-average assessed value for the area and its rental potential. A thoughtful perspective is that while the interior living space is modest, the property’s ranking shows its lot size and newer build year (for its area) are competitive advantages, suggesting the value is anchored more in the land and location than in the square footage of the home itself.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings compare this property to others on its street, in Betsworth, and across Winnipeg. They show that while the house itself is smaller than most, the lot is larger than many on the street, and the building is newer than a majority of homes in the immediate area.
2. Is a bi-level suitable for someone with mobility concerns?
The main entry leads to a landing with stairs up to the main living area and down to the basement. While the primary living space is on one level, accessing it requires climbing a short flight of stairs from the entrance, which may not be ideal for those with significant mobility issues.
3. What are the implications of a fully finished basement?
It immediately adds usable living space without the need for renovation. However, prospective buyers should still investigate its condition, ceiling height, and ensure it has proper moisture control, as is prudent with any below-ground space.
4. How does the assessment value relate to the likely selling price?
The municipal assessment of $373,000 is for tax purposes and provides a benchmark. The actual market price can be higher or lower based on current market conditions, the home’s interior condition, and buyer demand.
5. Who might this property not suit?
It may not suit buyers looking for a large interior living area or multiple bedrooms on one floor, as the space is compact. Those prioritizing a modern, recently renovated home may also find the 1979 build date means updates could be needed.