Property Overview
This 4-level split home at 59 Gibraltar Bay in Winnipeg's Crestview neighborhood presents a solid, spacious option in a well-established area. Built in 1967, it sits on a large, above-average lot of just under 7,000 sq ft. With 1,509 sq ft of living space, it offers more room than most homes in both Crestview and on its own street. The home features a basement and a detached garage. Its recent sale in February 2024 at $40.40k indicates a move-in ready property, likely appealing to those seeking value and space without a renovation project.
Key Characteristics & Appeal
The primary appeal of this property lies in its generous proportions and established location. You get more house and significantly more land than is typical for the area, which is a notable advantage for buyers seeking room to grow, garden, or simply enjoy more private outdoor space. The 4-level split design offers natural separation of living spaces, which can be ideal for families or those who appreciate defined zones for entertaining, daily living, and quiet.
It suits practical buyers looking for a home with immediate livability in a mature neighborhood. It’s a strong match for first-time homeowners who need the space but want to avoid a bidding war for newer builds, or for downsizers from larger properties who still want room for visitors and hobbies without the maintenance of a massive yard. The "above average" rankings for size and lot, combined with an "around average" assessed value, suggest you are paying primarily for space and land—a tangible asset—rather than for high-end finishes or a renovated interior.
Frequently Asked Questions
1. What does the "Assessed Value" mean in relation to the sale price?
The assessed value ($35.10k) is for municipal tax purposes. The recent sale price of $40.40k is the market value the property actually sold for, which is typically a more accurate reflection of its current worth.
2. Is the basement finished?
The listing specifies the basement exists but is "not renovated." This typically means it is unfinished or partially finished in its original state, offering potential for future development.
3. What are the advantages of a 4-level split design?
This style provides multiple, slightly staggered living levels. It often creates better separation between bedrooms and common areas compared to a bungalow or standard two-story, and can make the overall footprint of the house feel more manageable and defined.
4. How does the lot size compare practically?
At 6,917 sq ft, the lot is over 25% larger than the average lot in Crestview. This translates to a more substantial backyard, greater distance from neighbors, and potentially more driveway or garden space.
5. The home was built in 1967. What should I consider?
While the structure is sound and the home is livable, buyers should be prepared for the possibility of original or aging components (like windows, roof, or mechanical systems) that may need attention or updating over time, which is typical for homes of this era.