Property Overview: 16 Bernadine Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This 1970-built bi-level home at 16 Bernadine Crescent presents a practical and affordable entry point into Winnipeg’s Buchanan neighbourhood. Its key features include a renovated basement and a modest 867 sqft of living space on a 3,520 sqft lot. The appeal here is grounded in value and potential rather than size or luxury. The home sits on a smaller, more manageable lot compared to area averages, which can mean lower maintenance costs and less time spent on yard work—a significant perk for those seeking simplicity. The recently renovated basement adds valuable finished space, increasing the home’s functional footprint.
This property would suit first-time buyers, downsizers, or pragmatic investors looking for a solid, no-frills foundation. It’s for someone who sees a home as a comfortable living space rather than a status symbol, and who may prefer to put their resources into personalizing the interior over maintaining extensive grounds. The below-average sale price against city and neighbourhood benchmarks highlights its role as an accessible option in the market.
Section 2: Frequently Asked Questions
1. Is the smaller lot size a disadvantage?
Not necessarily. While the land area is below the neighbourhood average, it offers a manageable outdoor space with lower upkeep, which can be a desirable feature for buyers with busy lifestyles or who prefer minimal yard maintenance.
2. What does “renovated basement” typically include in a home of this era?
While specifics should be verified, in a 1970s bi-level, a renovated basement often means updated finishes, improved lighting, and a conversion into livable space such as a family room, extra bedroom, or recreational area. It’s a key value-add for this property type.
3. Who is the typical buyer in this area?
Buchanan attracts a mix of long-time residents, young families, and first-time homeowners. This particular home, with its modest scale and price point, is likely most appealing to those entering the market or looking to right-size.
4. How does the assessed value relate to the recent sale price?
The property recently sold for $23.7k, which is below its $27.2k assessed value. This can indicate a market-adjusted sale and may reflect the home’s condition or specific factors at the time of sale, rather than just the municipal assessment for tax purposes.
5. Are bi-level homes energy-efficient?
Homes from the 1970s, like this bi-level, often have opportunities for energy upgrades. Their compact footprint can be an advantage for heating and cooling efficiency, but windows, insulation, and mechanical systems should be evaluated for modern performance standards.