Property Overview
This single-storey home at 73 Bernadine Crescent in Winnipeg’s Buchanan neighbourhood presents a practical and straightforward opportunity. Built in 1970, it sits on a standard 4,409 sqft lot and offers 1,012 sqft of living space. A key feature is its renovated basement, adding valuable finished space. The home has no garage or pool. Its recent assessed value is positioned below average for the broader city but is more in line with local street and area comparables.
The appeal here is grounded in value and potential. It suits first-time buyers seeking an entry point into the market, investors looking for a rental property, or downsizers wanting a manageable, single-level layout without a large yard to maintain. The renovated basement is a significant plus, immediately adding functional living or recreational space. A thoughtful perspective is that its "around average" metrics for the immediate area suggest it’s a typical home for Bernadine Crescent, offering a stable, no-surprises purchase in a settled neighbourhood, rather than a standout project or premium property.
Frequently Asked Questions
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 finishes, the presence of proper permits, and whether it includes a bathroom or legal secondary suite potential.
How does the lack of a garage affect daily life and value?
This is a key consideration for vehicle owners, especially in winter. Buyers should budget for alternative parking solutions and assess on-street parking availability. The absence of a garage can keep the purchase price lower but may also limit resale appeal to some buyers.
The assessed value seems low. What does this mean?
The $28.50k assessed value is for taxation purposes and is not the market value. The last recorded sale was in 2017 for $23.10k. The current market price will be determined by recent area sales, condition, and demand. This low assessment can indicate relatively lower property taxes.
Is the living space sufficient for a family?
At just over 1,000 sqft on the main floor, the space is compact. The renovated basement effectively doubles the usable area, making it more viable for a small family. The single-storey design may be preferable for young children or those with mobility considerations.
How does this home rank within its immediate area?
The data shows it is consistently "around average" for Bernadine Crescent in terms of lot size, living area, and assessed value. This indicates it fits neatly within the existing fabric of the street, neither the largest nor the smallest, which can be seen as a mark of stability and predictability.