Property Overview: 42 Bernadine Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1970, presents a practical opportunity in Winnipeg's Buchanan neighbourhood. Its key characteristic is a clear value proposition: a recently renovated basement and an above-average living space (1,120 sq ft) for its immediate street, all at a price point that sits below average for assessed values in the area. The appeal lies in its move-in readiness with the basement work already completed, offering extra functional space without immediate project costs.
The property would suit first-time buyers or practical investors seeking a foothold in the market without a premium lot size. The lot, at 3,300 sq ft, is notably smaller than most on the street and in Buchanan, which translates to lower maintenance—a plus for those with busy lifestyles or who prefer less yard work. It’s a home that prioritizes efficient interior living space over expansive outdoor land. The recent sale history shows significant price appreciation since 2019, suggesting the area is in demand, yet the assessed value remains comparatively low, which may indicate potential for continued equity growth.
Section 2: Frequently Asked Questions
1. How does the smaller lot size impact daily living?
While the lot is smaller than area averages, it means less time and money spent on landscaping and maintenance. It’s a trade-off that prioritizes simplicity and lower upkeep costs over private outdoor space.
2. The assessed value seems low compared to the recent sale price. Why?
Municipal assessed values for taxation often lag behind current market values, especially in active markets. The recent sale price of $300k is likely a more accurate reflection of the home's current market worth.
3. What does "renovated basement" specifically 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, which would significantly affect value.
4. With no garage, what are the parking options?
The property has no garage. Buyers should verify the driveway capacity and on-street parking regulations with the city to ensure it meets their needs, especially during Winnipeg winters.
5. The home is older. What major systems should be checked?
Built in 1970, key aging components like the roof, windows, plumbing, and electrical system should be thoroughly inspected. The renovated basement is a plus, but the condition of the main structure and core systems is crucial for budgeting future maintenance.