Property Overview: 5 Sandra Bay, Crescent Park, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Crescent Park offers a classic 1950s layout with modernized practicality. Its key features include a renovated basement and an attached garage, sitting on a mature 6,536 sqft lot that is notably larger than the Winnipeg city average. With 1,349 sqft of living space, the home provides comfortable room for daily life.
The primary appeal lies in its established, quiet neighbourhood setting combined with a lot size that offers valuable outdoor space and potential. The home suits first-time buyers or downsizers looking for a manageable single-level layout with the upside of a finished basement for extra living or recreational space. It also appeals to value-conscious buyers who see potential in a solid, older home on a generous lot, where future updates can be tailored to personal taste. A thoughtful perspective is that while the home itself is of average size for the area, the above-average lot size for the city provides a relative scarcity value—a private outdoor oasis that is increasingly harder to find.
Section 2: Frequently Asked Questions
1. How does the property compare to others nearby?
The home is consistently "around average" for its immediate street and the broader Crescent Park area in terms of lot size, living area, and year built. Its assessed value is slightly below the neighbourhood average, which may indicate value relative to nearby properties.
2. What is the significance of the renovated basement?
A renovated basement adds immediate functional living space without the need for a major project. It’s ideal for a family room, home office, or guest area, effectively increasing the usable square footage of the home beyond the main floor.
3. Is the lot size a major feature?
Yes. While typical for Crescent Park, the lot is in the top 22% citywide, meaning it's larger than most in Winnipeg. This provides more privacy, yard space, and landscaping options than many newer properties.
4. What should I consider about a home built in 1954?
You benefit from character and often sturdy construction, but should budget for age-related maintenance. Key systems like plumbing, electrical, or the roof may need inspection or updating. The renovated basement is a positive modern update within this older structure.
5. Why is the last sale price from 2019 so different from the assessed value?
The 2019 sale price reflects the market conditions at that time. The current assessed value is for taxation purposes and is an estimate by the city; it is not a direct market valuation. A property's actual market price is determined by current buyer demand, condition, and recent comparable sales.