Property Overview
This one-storey home at 26 Sandra Bay in Winnipeg's Crescent Park neighborhood presents a practical opportunity in a well-established area. Its key appeal lies in being a solid, no-fuss property that offers space and location without premium pricing. At 1,270 sqft with a renovated basement, it provides functional living space. The lot is a comfortable size, just under 6,000 sqft. Built in 1954, it is actually one of the older homes on its street, which can suggest a more mature streetscape but also implies a buyer should be mindful of the condition of original components. The home’s assessed value is notably below average for both the immediate street and the broader Crescent Park area, which often indicates a price point that can attract interest. It last sold in 2016.
This property would suit a first-time buyer or a downsizer looking for a single-level layout in a quiet, mature neighborhood. It’s a home for someone comfortable with the character and maintenance considerations of a 70-year-old structure, who values interior updates (like the basement renovation) and sees potential in the sizable lot. The below-average assessment for the area suggests it may be positioned as a value proposition, but it requires a buyer to verify the reasons behind that valuation through a thorough inspection.
Frequently Asked Questions
1. Why is the assessed value so much lower than the area average?
While the exact reason isn't stated, a below-average assessment for the street and area can stem from several factors, including the home's age (older than most on the street), the lack of a garage, or the interior condition relative to neighboring properties. It's a key point to discuss with a real estate agent and to consider during a home inspection.
2. What does the "renovated basement" entail?
The listing notes a renovated basement but provides no details. It's essential to ask for specifics on the renovation's scope, when it was done, whether permits were obtained, and how it affected the living space (e.g., added bedrooms, a family room, or just cosmetic updates).
3. As an older home, what major systems might need attention?
Built in 1954, core components like the roof, plumbing, electrical wiring, and foundation should be a focus during an inspection. The home's age, while lending character, means these systems are likely at or beyond their typical service life and may require updating.
4. There's no garage. How is parking and storage?
The property has no garage. Buyers should assess the driveway space for vehicle parking and consider where seasonal items, tools, and other belongings typically stored in a garage would go. The renovated basement may offset some storage needs.
5. How does the 2016 sale price compare to the current asking price?
The home sold for $27,800 in September 2016. Comparing that to the current list price will provide insight into the market appreciation for the property over the last eight years. This history, combined with the current assessed value, helps form a picture of its market trajectory.