Property Overview
This 1967 one-storey home at 14 Inch Bay in Winnipeg's Crestview neighborhood offers a practical, renovated living space on a standard city lot. With 1,040 sqft of living area, it sits comfortably within the average range for both the neighborhood and the wider city, making it a straightforward, no-fuss option. Its key appeal lies in its recent basement renovation and its position as one of the newer homes on its specific street. The property's assessed value is notably modest compared to its immediate neighbors, which could present an opportunity for value-conscious buyers. It would suit a first-time homebuyer, a downsizer looking for single-level living, or an investor seeking a renovated, rentable property in a stable area. It's a home that prioritizes function and recent updates over size or prestige.
Frequently Asked Questions
Is the basement renovation a full legal suite?
The listing confirms the basement is renovated but does not specify if it is a legal, separate suite. Buyers should verify its status with the city and clarify what permits were obtained for the work.
Why is the assessed value significantly lower than on the same street?
The data shows this home's assessed value ranks in the bottom 3% on Inch Bay. This could be due to its smaller living area and lot size compared to street averages, or differing appraisal methodologies. It's wise to research recent sales for a clearer market picture.
What does the "newer home on the street" ranking mean?
Built in 1967, this home ranks as the 2nd newest among 32 on Inch Bay. This suggests most homes on the street are older, which could mean fewer major age-related issues, but all would still require thorough inspections for a building of this era.
Is the lack of a garage a drawback in this area?
The home has no garage. Given that many nearby properties are on similarly sized lots, adding a garage later may be possible but could consume a significant portion of the yard space. On-street parking availability should be investigated.
How does the lot size affect potential for expansion?
At 5,513 sqft, the lot is slightly below the street average. While sufficient for a garden and deck, the size may limit the feasibility of major additions or accessory buildings without careful planning and zoning review.