Property Overview
132 Bernadine Crescent is a one-storey home in Winnipeg's Buchanan neighbourhood, built in 1971. Its key appeal lies in its position as a straightforward, lower-priced entry point into the market. The home sits on a 4,160 sqft lot, which is smaller than most in the area but still provides usable outdoor space. With 1,012 sqft of living area, the interior is compact and functional. Notably, the home has a basement (not renovated) and no garage. Its most recent sale was in August 2020 for $25,600, and its assessed value is modest compared to city-wide averages.
This property would suit a specific type of buyer: first-time purchasers or investors seeking a low-cost holding with land value. It’s a practical choice for those comfortable with a home that requires updates, as the unrenovated basement and overall condition suggest it's a candidate for gradual improvement. The value here is less about the current structure and more about securing a lot in an established neighbourhood at a very accessible price point.
Frequently Asked Questions
1. What is the neighbourhood like?
Buchanan is a mature, established neighbourhood in Winnipeg. The property rankings show that on Bernadine Crescent itself, this home is newer than most (top 26%), suggesting the immediate street may have a slightly more modern feel than other parts of the area.
2. What does "below average" for the sale price mean?
The data indicates the home last sold for a price that was below the average for the street, neighbourhood, and city. This typically reflects the home's condition, size, or features at the time of sale, and highlights its role as a more affordable option in the market.
3. Is the lot size a disadvantage?
While the land area is below the local average, it is still a standard city lot. For a buyer not wanting extensive yard maintenance, this could be seen as a manageable size. The potential may lie more in the lot's value than in its dimensions.
4. What are the implications of an unrenovated basement?
This means the basement is in original or functional condition but hasn't been modernized. It offers space for storage, utilities, and potential future development, but any finishing would be an additional project and investment for the buyer.
5. How does the assessed value compare to the last sale price?
The assessed value ($28,200) is higher than the 2020 sale price ($25,600). This difference is common over time and due to different valuation methods. It should not be interpreted as a current market price, but it does indicate a stable or slightly increased valuation basis for municipal taxes.