Property Overview: 51 Leisure Bay, Winnipeg
Key Characteristics & Appeal
This is a well-situated, single-storey home in Crestview, built in 1967. With 1,255 sqft of living space, it offers a practical layout that is very typical for its immediate street and slightly above average for the Crestview neighborhood. A key feature is its renovated basement, adding valuable finished space. The property stands out for its land size—at 6,595 sqft, the lot is larger than most in Crestview and across Winnipeg, offering ample outdoor space rarely found in newer developments.
The home’s appeal lies in its balance and established location. It’s not an outlier in any single metric but presents a solid, middle-of-the-road option in a mature neighborhood. Its last sale price in late 2021 aligns with its above-average assessment for the area, suggesting a history of stable value. This property would suit first-time buyers or downsizers looking for a manageable single-level layout with a low-maintenance footprint, or a practical-minded buyer who values a larger yard over a flashy renovation. It’s a home for someone who prioritizes space and location over modern finishes, seeing potential in the renovated basement and the generous lot.
Frequently Asked Questions
1. How does this home compare to others on the street?
It is very typical for Leisure Bay. Its living area, age, and assessed value all rank around the middle of the 30 homes on the street. Its lot size is somewhat larger than the street average.
2. What is the significance of the lot size?
The 6,595 sqft lot is a standout feature. It places in the top 18% for size within Crestview, meaning you get more private outdoor space than most homes in the neighborhood, which is a premium for gardening, recreation, or future expansion.
3. The home was built in 1967. What should I consider?
While the systems and structure are now nearly 60 years old, the home has a renovated basement, indicating some updates. A thorough inspection is advised to understand the condition of the roof, wiring, plumbing, and foundation, which are typical focal points for homes of this era.
4. How does the assessed value relate to the market price?
The home’s assessed value is above the Crestview average. Its last sale price in November 2021 was $390,000, which was in the top third of sales for the area at that time. This indicates the property has been valued consistently in line with desirable, well-positioned homes in the neighborhood.
5. Who would this home not suit?
Buyers seeking a modern, move-in-ready home with an open-concept layout, a garage, or extensive recent renovations may find this property dated. It’s also not suited for someone needing multiple stories or a very large interior footprint, as the living space is modest and all on one level.