Property Overview: 19 Gerrond Bay, Crestview, Winnipeg
Key Characteristics & Buyer Appeal
This is a compact, one-storey home built in 1965, situated on a standard-sized lot in Winnipeg's Crestview neighborhood. With 947 sqft of living space, it is notably smaller than most comparable homes on its own street and in the wider city, positioning it as a more affordable entry point. A key updated feature is its renovated basement, which adds functional space. The home lacks a garage or pool.
Its primary appeal lies in value and manageability. The below-average living area translates to lower utility costs and less maintenance, while the renovated basement offers immediate utility without project headaches. The property last sold in August 2022 for $400k, which is significantly higher than its current assessed value, suggesting a market history that may interest value-focused buyers.
This home would best suit first-time buyers, downsizers, or pragmatic investors seeking a lower-maintenance footprint in a stable neighborhood. It’s a practical choice for those who prioritize a move-in-ready basement and a manageable yard over sheer square footage. A less obvious perspective is that its smaller size on a decent lot offers a clearer path for future expansion (like an addition or garage) compared to a larger home already occupying most of its lot.
Frequently Asked Questions
1. Is the home’s smaller size a concern?
While the living area is below average for the street and city, it makes the home more energy-efficient and easier to maintain. The renovated basement effectively adds usable space, offsetting the modest main-floor square footage.
2. How does the 2022 sale price relate to today’s value?
The home sold for $400k in August 2022. Its current assessed value is significantly lower, which is common as municipal assessments don't always mirror rapid market shifts. This discrepancy is important to discuss with a real estate agent when determining current market value.
3. What does the renovated basement include?
The listing confirms the basement is renovated but does not specify the finishes or layout. Viewing the property or requesting detailed photos is necessary to assess the quality and use of this space.
4. How does the lack of a garage affect daily living?
The property has no garage, which means relying on driveway parking and on-street options. For some buyers, this is a trade-off for lower maintenance; for others, it may be a significant consideration for vehicle storage or workshop space.
5. What is the neighborhood like?
Crestview is a mature, established neighborhood. The home's metrics show it is typical for the area in terms of lot size, age, and assessed value, indicating it fits within a consistent community fabric rather than standing out as an anomaly.