Property Overview: 70 Savoy Crescent
Key Characteristics & Appeal
This is a well-established, single-storey home in Winnipeg's Betsworth neighbourhood, built in 1976. It sits on a generous 6,470 sqft lot, offering ample outdoor space. The 1,262 sqft residence features a finished basement and a split garage. Its key appeal lies in its proven stability and above-average positioning within the broader Winnipeg market. The home ranks in the top third of the city for lot size and has a recent sale price (July 2022) that outperformed 74% of Winnipeg properties, suggesting strong market recognition for the location and offering.
The property suits buyers looking for a move-in-ready, low-maintenance bungalow layout with room to grow outdoors. It’s particularly fitting for those who value a mature neighbourhood setting over a brand-new build, and who appreciate a home with a recent, transparent sales history that demonstrates solid value retention. The data suggests it’s a practical choice for someone seeking a property that has consistently performed well against city-wide benchmarks for size and value.
Frequently Asked Questions
1. How does the 2022 sale price compare to the current assessment?
The home sold for $450,000 in July 2022, which is approximately 10% higher than its current assessed value of $409,000. This is not uncommon, as assessed values for taxation purposes can differ from market-driven sale prices.
2. What do the ranking percentages actually mean?
They show how this property compares to others in its immediate street, neighbourhood, and all of Winnipeg. For example, ranking in the "top 23%" for lot size in Winnipeg means 77% of city properties have a smaller lot, highlighting a key strength of this home.
3. Is a 50-year-old home a concern?
While built in 1976, the home’s rankings show it is newer than 57% of Winnipeg properties, indicating many homes in the city are of a similar or older vintage. A thorough inspection would be key to understanding the condition of major systems like roof, windows, and plumbing.
4. Who might this neighbourhood suit?
Betsworth offers mature streetscapes with larger lots. The data shows this home’s lot size ranks very high city-wide, but its metrics within the immediate community are more average. This suggests a neighbourhood of consistent, established properties, ideal for buyers seeking space and stability.
5. What is indicated by the varied performance across different rankings?
The home performs strongest in city-wide comparisons (e.g., top 33% for assessed value), but more moderately within its own community. This perspective suggests it is a solid, competitive property in the broader Winnipeg market, while being a fairly typical offering within its specific area of Betsworth.