Property Overview
This one-storey home at 27 Gerrond Bay in Winnipeg's Crestview neighborhood presents a practical and spacious offering. Its key appeal lies in its generous 7,292 sqft lot, which places it in the top 16% on its street and top 9% within Crestview, offering significant outdoor space for a mature neighborhood. The living area of 1,244 sqft is comfortably above average for the immediate area. A notable feature is the renovated basement, adding functional living space. The home’s assessed value ranks highly within its local context, suggesting it is considered a premium property on its street and in the wider neighborhood.
The property would suit buyers looking for a solid, single-level layout on a large lot, ideal for gardening, family play, or future expansion. Its above-average rankings in lot size and value within Crestview make it a strong candidate for those prioritizing long-term investment in a stable area. It’s particularly fitting for downsizers or young families seeking main-floor living without sacrificing yard space, or for value-conscious buyers who recognize the worth in a home that stands out positively against its closest comparables.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
With 1,244 sqft of living space, this home is larger than the average home on Gerrond Bay and in the Crestview area, placing it in the top third locally.
2. What is the significance of the high assessed value ranking?
While its city-wide assessed value is around average, it ranks in the top 6% on its street and in Crestview. This indicates the property is considered a higher-value home within its immediate, established neighborhood context.
3. Is the lot size unusual for the area?
Yes. The lot of over 7,200 sqft is a standout feature, ranking in the top 16% on the street and top 9% in Crestview. It offers substantially more outdoor space than many neighboring properties.
4. The home was built in 1964. What should I consider?
While the basement has been renovated, the overall structure is from the mid-60s. A thorough inspection is recommended to understand the condition of core systems like plumbing, electrical, and the roof, which may be due for updates or replacement.
5. What does the sale history tell us?
The home last sold in December 2021 for $44,700k. This recent transaction provides a clear, modern benchmark for its market price, showing significant appreciation from its current assessed value and indicating strong buyer interest in the specific location.