Property Overview: 322 Highcliff Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained one-storey home in Crestview offers a practical, move-in-ready layout with a renovated basement. At 1,072 sqft of living space, its size is comfortably average for the immediate street and neighborhood, appealing to those seeking a manageable footprint without feeling cramped. A key strength is its above-average assessed value for the street, suggesting it is perceived as a solid investment within its specific micro-area. The lot, while smaller than many on the block, is still a good city-wide average, offering outdoor space without excessive maintenance.
The primary appeal lies in its balance and stability. It suits first-time buyers, downsizers, or pragmatic investors looking for a home in a mature neighborhood without major surprises. The recent basement renovation adds modern utility, and the home’s financial metrics indicate it holds its value well locally. A thoughtful perspective: while the home isn't the largest or newest on the street, its strong assessment ranking hints at qualities not captured in raw metrics—like pride of ownership, desirable finishes, or an optimal layout—making it a potentially savvy choice for a buyer who values intrinsic quality over sheer size.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value ranks in the top 21% on its own street, meaning it is valued higher than most direct neighbors. Compared to the wider Crestview area and Winnipeg overall, its assessment is solidly average, indicating a fair market position.
2. Is the lot size a drawback?
At 5,488 sqft, the lot is smaller than most on Highcliff Bay but is very close to the average lot size across the entire City of Winnipeg. It provides a decent outdoor space while likely reducing yard work.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A viewing or inquiry with the listing agent is necessary to determine the finishes, rooms, and whether it includes a legal suite or additional living space.
4. The home was built in 1962. Should I be concerned about major updates?
The year built is typical for Crestview. The renovated basement is a noted update. A professional home inspection is always recommended to evaluate the condition of major systems like roof, wiring, and plumbing, which are common considerations for homes of this era.
5. Why did it sell for significantly more than its assessed value in 2023?
The home sold for $395,000 in August 2023, well above its current assessed value of $344,000. This is not uncommon, as assessed values for taxation can lag behind dynamic market sale prices, especially in active periods. The sale price demonstrates what a buyer was willing to pay at that recent peak time.