Property Overview
This two-storey home at 62 Gerrond Bay in Winnipeg's Crestview neighbourhood presents a compelling blend of established community charm and above-average substance. Its key appeal lies in its generous proportions, both in its 1,656 sqft living space and its 6,895 sqft lot, which rank well above average for the immediate street and the wider Crestview area. The home benefits from a renovated basement and an attached garage. Built in 1967, it sits in a mature streetscape and carries an assessed value of $400,000, placing it among the top-tier homes locally. A recent sale in July 2023 at $440,000 suggests a strong and current market valuation.
This property would suit buyers looking for established character and space without venturing into newer, more sprawling suburbs. It’s ideal for a growing family seeking solid interior space and a large yard in a quiet, well-ranked neighbourhood. It also appeals to the value-conscious buyer who understands that its metrics—top 6% in living area on its street, top 13% in lot size for Crestview—indicate a property that stands out positively within its immediate context, offering more room than most comparable options.
A less obvious perspective is the advantage of its "above average but not extreme" citywide ranking. While it feels elite within Crestview, its citywide metrics are strong but manageable, potentially offering a sweet spot between prestige and property tax burden. Furthermore, its consistent history of being a well-maintained, larger home on the street (as indicated by its high rankings over time) speaks to enduring quality and desirability in that specific micro-location.
Frequently Asked Questions
1. How does this home truly compare to others in Crestview?
The data shows it consistently outperforms neighbourhood averages. Its living area is in the top 2% for Crestview, and its lot size is in the top 13%. This means you are getting significantly more house and land than is typical for the area.
2. What does the sale history tell us?
The home sold for $440,000 in July 2023, which is $40,000 above its current $400,000 assessed value. This recent transaction provides a concrete, up-to-date benchmark for its market value, suggesting the assessment is conservative.
3. Is the renovated basement a full suite?
The listing confirms the basement is renovated but does not specify if it is a legal suite with a separate entrance. This is a key detail to clarify for potential rental income or in-law accommodation.
4. What are the implications of the 1967 build year?
Built in 1967, the home is of an era known for solid construction. Buyers should plan for standard updates for a home of this age, such as roof, windows, and mechanical systems, while appreciating the character and mature landscaping that comes with it.
5. Why is the citywide assessed value ranking lower than the street and area rankings?
While the home is elite within Crestview (top 5%), it ranks around the 38th percentile citywide. This isn't a negative; it simply reflects that newer, more expensive homes exist in other suburbs. It highlights that this property's prime value is its standout size and status within its established, desirable neighbourhood context.