Property Overview
55 Sabine Crescent is a well-situated, one-storey home in Winnipeg's Crestview neighbourhood. Built in 1974, it sits on a large 6,216 sqft lot, which is notably above average for its street and area. The home offers 1,120 sqft of living space with an attached garage and a basement that is present but not renovated. Its appeal lies in its generous, established lot and its position within a mature community. The property represents a solid opportunity for buyers seeking a home with space and potential, rather than a turn-key or modernized product.
Key Characteristics & Ideal Buyer
The standout feature of this property is its land. The lot size ranks in the top third locally, offering ample outdoor space for gardening, play, or expansion in a neighbourhood where such large parcels are becoming less common. The home itself is of average size for the area and retains its original 1970s character, meaning future updates are likely part of the long-term plan. It has a functional layout with an attached garage, a valuable asset in Winnipeg winters.
This home would best suit a practical buyer who values space and location over immediate modern finishes. It’s an ideal fit for a first-time buyer or a downsizer looking for a manageable single-level layout on a quiet crescent, who sees the unrenovated basement and older fixtures as a canvas for gradual, personalized improvements. The large lot also makes it appealing to those who prioritize private outdoor space over a recently updated interior.
Frequently Asked Questions
1. What is the true value of the large lot?
Beyond simple yard space, a lot of this size (ranking in the top 26% of the neighbourhood) offers long-term flexibility. It provides privacy from neighbours, room for additions like a deck or shed, and is a key factor in the property's future resale value as smaller lots become the norm in new developments.
2. What does "basement not renovated" typically mean here?
In a home of this era, it most likely indicates a functional but unfinished or partially finished basement with original foundations, flooring, and utilities. It’s a space ready for insulation, drywall, and customization, but buyers should budget for any necessary moisture-proofing or updates to meet modern standards.
3. How does the assessed value compare to the likely selling price?
The municipal assessed value is for tax purposes and is often, but not always, lower than market value. The provided comparisons show similar homes in the area with assessments in the same range, suggesting this is a fairly valued property for its condition and location, but the final price will be set by the market.
4. Is the 1974 build date a concern?
Homes from this period are common in Winnipeg and are generally solidly built. The key considerations are the age of major systems like the roof, furnace, and windows, which may be nearing or past their typical lifespan. A thorough inspection is advised to plan for potential updates.
5. What is the neighbourhood feel of Crestview?
Crestview is a mature, established neighbourhood with a mix of long-term residents and younger families. The property’s location on a quiet crescent, away from major thoroughfares, contributes to a peaceful setting. The high ranking for lot size on the street suggests a streetscape with more spacious, older homes rather than dense redevelopment.