Property Overview: 6 Kay Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home in Crestview offers a practical, no-frills entry point into the Winnipeg market. Its key characteristic is value: with a living area of 856 sqft, it is a compact home, notably smaller than averages for the street, neighborhood, and city. This is balanced by a recently renovated basement and a decently sized lot of nearly 6,000 sqft, providing space for gardening or outdoor activities where the house itself is modest.
The appeal lies in its financial accessibility and efficiency. The assessed value is consistently around the average for its immediate area, suggesting a fair and stable valuation without the premium of a larger or newer home. It suits first-time buyers, downsizers, or investors seeking a straightforward, manageable property. The 1969 build date means it’s an older home, so it will appeal to those comfortable with potential upkeep typical of its era, but who appreciate the updated basement. It’s a home for pragmatic buyers who prioritize land and location over square footage, seeing the smaller interior as an opportunity for lower utility costs and minimal maintenance.
Section 2: Frequently Asked Questions
1. Is the living space too small?
At 856 sqft, the home is indeed compact, ranking in the bottom 13% for size on its own street. It will feel cozy and requires efficient use of space, but the renovated basement adds functional living area.
2. How does the assessed value compare?
The assessed value is very typical for Crestview and the specific street, sitting close to the median. This suggests the property is not over- or under-valued relative to its direct peers, offering a benchmark for market price.
3. What does the 1969 build year mean for me?
Built 57 years ago, this is one of the older homes on Kay Crescent. Buyers should budget for age-related maintenance. However, systems and structure from this era are often robust, and the home has already seen updates like the basement renovation.
4. Is the lot a good size?
Yes. The lot is just under 6,000 sqft, which is above average for Crestview and provides a generous outdoor space relative to the home's footprint—a valuable asset for privacy or expansion.
5. How does the 2022 sale price relate to today’s value?
The home sold for $35.8k in March 2022. This recent transaction provides a concrete data point, but current value will be influenced by market conditions since then and the property’s assessed value of $33.7k.