Property Overview: 114 Nemy Crescent, Crestview, Winnipeg
Key Characteristics & Buyer Appeal
This bi-level home at 114 Nemy Crescent is a compact, efficiently sized property in Winnipeg's Crestview neighborhood. With 829 sqft of living space, it is notably smaller than average for the area, positioning it as a more manageable and potentially affordable option. Its key feature is a renovated basement, adding functional living space. The lot is a standard size for the street at just under 6,000 sqft. While the home itself is modest in scale, it stands out for its age within its immediate context; built in 1974, it is newer than almost all direct neighbors on Nemy Crescent and in the wider Crestview area, which may suggest updated core systems or construction methods compared to nearby homes.
The appeal lies in its simplicity and practicality. It suits first-time buyers or downsizers seeking a low-maintenance footprint without a large yard or extensive upkeep. The renovated basement adds valuable flexibility for a home office, guest space, or recreation room. Its assessed value is consistent with the local area, indicating a fairly priced entry point into the market. A thoughtful perspective for buyers is to consider the value of a newer-built home in an established neighborhood—it offers mature trees and settled community character while potentially avoiding some of the maintenance issues common in older builds.
Frequently Asked Questions
1. Is the living area too small?
At 829 sqft, the home is smaller than the neighborhood average. It is best suited for individuals, couples, or small families who prioritize efficient living and lower utility costs over spacious rooms.
2. What does "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 kitchenette to understand its full utility and value.
3. How does the 1974 build year affect the home?
While 52 years old, this home is actually one of the newest on its street. This relative age could mean features like updated electrical wiring or plumbing compared to older neighbors, but a thorough inspection is still essential to understand the condition of the roof, windows, and foundation.
4. There's 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.
5. The home sold in 2019 for $300k. How does that relate to today's price?
The 2019 sale price provides historical context, but the current market value is determined by recent comparable sales, condition, and market trends. The assessed value ($32.90k for taxation purposes) is not an indicator of market price; a current appraisal or comparative market analysis is needed for an accurate value.