Property Overview: 40 Bernadine Crescent, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 1970, presents a practical opportunity in Winnipeg's Buchanan neighbourhood. Its key feature is a renovated basement, adding valuable finished space to the 1,120 sqft main living area. The home sits on a 3,300 sqft lot, which is notably smaller than most in the immediate area but is balanced by the updated interior space.
The appeal here is grounded in value and move-in readiness, particularly due to the basement renovation. It suits first-time buyers or downsizers looking for a manageable property without a major initial renovation project. The assessed value ($290k) and recent sale price ($310k in 2022) are positioned below city-wide averages, suggesting a more accessible entry point into the market. A thoughtful perspective is that while the lot size is smaller than neighbours', it translates to less exterior maintenance—a potential benefit for those seeking a simpler yard. The home's living area is actually above average for its specific street, indicating it offers more interior space than many nearby properties, which compensates for the compact land footprint.
Frequently Asked Questions
1. Is the smaller lot size a significant drawback?
While the land area is smaller than most on the street and in Buchanan, it means less yard maintenance. The trade-off is a home with above-average interior living space for the immediate area.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the permits, quality of finishes, and whether it includes added bedrooms or legal secondary suite potential.
3. How does the property's value compare?
The home's assessed and recent sale values are below the Winnipeg average but are around or slightly below average for the Buchanan neighbourhood. This suggests it may offer relative value within this specific community.
4. What is the typical home like on this street?
Homes on Bernadine Crescent tend to be on larger lots (averaging ~5,567 sqft) and are of a similar age. This property stands out for having more living space than many of them, but on a more compact parcel.
5. Are sale prices in the area rising?
The data shows a significant increase from its 2020 sale price ($23.8k) to its 2022 sale price ($310k). This likely reflects a major renovation or property condition change, not just market appreciation. Market trends should be verified with a local agent.