Property Summary: 120 Bernadine Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, one-storey home built in 1971 on a standard-sized lot in the Buchanan neighbourhood. Its key feature is a renovated basement, adding valuable finished space to the 1,012 sqft main living area. The home presents as an affordable, no-frills opportunity. Its appeal lies in its simplicity and lower financial barrier to entry, underscored by an assessed value and recent sale price that are notably below averages for the street, neighbourhood, and city. It has no garage or pool.
This property would suit a first-time buyer, an investor looking for a rental property, or someone seeking a downsized, low-maintenance living option. Its below-average price point for the area could allow a new homeowner to gain a foothold in the market with room in their budget for future updates. A thoughtful perspective is that while the living space is compact, the renovated basement offers flexibility for a home office, guest space, or recreational area, effectively expanding the home’s utility beyond its square footage ranking.
Section 2: Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a "renovated basement" but does not specify it as a legal secondary suite. A buyer should verify its compliance with local codes and rental regulations.
2. How does the lack of a garage affect parking and storage?
The property has no garage. Buyers should assess on-street parking availability and consider the basement and main floor layout for alternative storage solutions.
3. The assessed value seems low. What does this mean for property taxes?
A lower assessed value typically results in lower municipal property taxes, which is a financial advantage. However, it also reflects the home’s relative market position compared to others.
4. The home is described as "below average" in several metrics. Is this a concern?
These statistical comparisons are useful context. For the right buyer, these rankings signify a more accessible price point in a stable, established neighbourhood. It indicates a value-oriented purchase rather than a premium one.
5. What are the implications of the home’s age?
Built in 1971, major systems like roof, plumbing, or electrical may be original or nearing the end of their service life. A thorough inspection is crucial, but the renovated basement suggests some updates have already been made.