Property Overview
This two-storey home at 206 Lake Ridge Road in Crestview is a practical and well-situated property. Built in 1969, it features 1,100 sqft of living space and a renovated basement, sitting on a 3,984 sqft lot. It does not have a garage or pool. The home presents a straightforward opportunity in a mature neighbourhood.
Key Characteristics & Appeal
The primary appeal of this home lies in its efficient size and established location. With above-average living space for its immediate street and a modernized basement, it offers a move-in-ready foundation without excessive upkeep. Its assessed value is notably below average for both the Crestview area and Winnipeg overall, suggesting a potentially accessible entry point into the market.
This property would suit first-time buyers or downsizers seeking a manageable, no-frills home in a settled community. Its renovated basement adds valuable flexible space for a family, a home office, or guests. A thoughtful perspective is that while the lot size is smaller than many in the city, it translates to less yard maintenance—an appeal for those seeking a simpler lifestyle. The data indicates you are paying more for the interior condition and location than for land value here, which is ideal for buyers prioritizing living space over outdoor space.
Frequently Asked Questions
1. How does this home compare to others in the area?
The home's living area is generous for Lake Ridge Road, ranking in the top 20%. However, its lot size and assessed value are below the broader Crestview averages, indicating it may offer better interior space relative to its price point compared to area norms.
2. What does the "renovated basement" typically include?
While specific finishes aren't listed, a renovated basement in a home of this era often means updated flooring, drywall, and lighting, creating a finished living or recreational space. Verification of permits and the scope of work is always recommended.
3. Is there potential to add a garage in the future?
The lot size is below the Crestview average, which may limit options for adding a detached garage. Any expansion would require careful review of local zoning bylaws and setback requirements.
4. The home sold in 2020; what might that indicate?
The previous sale three years ago suggests the current owners have undertaken some updates, like the basement renovation, in a relatively short period. It’s worth exploring their reasons for selling to understand the property's recent history.
5. How energy-efficient might a home from 1969 be?
Homes from this period vary widely. While the basement renovation may have included some insulation updates, the main structure would benefit from an evaluation of original windows, attic insulation, and the heating system to anticipate utility costs and potential upgrades.