Property Overview: 1047 Cavalier Drive, Crestview, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Crestview is a practical and straightforward property built in 1969. With 1,056 sqft of living space, its size is very typical for the immediate street and the wider neighbourhood, offering a manageable layout for everyday living. A key feature is its recently renovated basement, which adds valuable finished space. The home does not have a garage or pool.
Its primary appeal lies in its value proposition and location within a well-established area. The property’s assessed value is notably below average for Crestview and the city, which can represent an accessible entry point into the neighbourhood. Interestingly, while the lot size is smaller than most in the area, this can translate to lower maintenance demands—a potential plus for those seeking a simpler yard to manage. The 1969 build date is actually newer than most homes on Cavalier Drive itself, suggesting potentially fewer age-related concerns than some direct neighbours.
This home would best suit first-time buyers or practical downsizers looking for a no-fuss, established community without a premium price tag. It’s for those who prioritize function and value over size or modern luxury, and who see a renovated basement as a ready-to-use asset rather than a project.
Section 2: Frequently Asked Questions
1. Is the smaller lot size a significant drawback?
While the lot is below the area average, it requires less upkeep. For buyers who want a private outdoor space but don’t want to spend excessive time or money on landscaping, this can be a practical advantage.
2. Why is the assessed value so much lower than area averages?
The below-average assessed value is likely influenced by the home’s smaller lot and living area relative to the neighbourhood. It reflects the property’s specific characteristics rather than the area's overall desirability, creating a value opportunity.
3. What does "renovated basement" typically mean here?
In a home of this era, a renovated basement usually means the space has been finished into a livable area (e.g., rec room, bedroom). It’s essential to verify the quality, permits, and moisture control of the renovation.
4. How does not having a garage affect daily life and value?
Street parking is the norm here. For some, this is a minor trade-off for the lower price point. Buyers should assess on-street parking availability during different times to ensure it meets their needs.
5. The home sold in 2016 for a much lower price. What does that indicate?
The 2016 sale price reflects the market conditions of that time and is not a direct indicator of current value. The more relevant figure is the current assessed value, which is used for property tax purposes and is updated periodically to reflect market trends.