Property Overview
9 Topaz Road is a two-storey home in Winnipeg's Crestview neighbourhood. Built in 1970, it offers 1,056 sqft of living space with a renovated basement on a 3,443 sqft lot. The home has no garage or pool. Its last recorded sale was in January 2019 for $220,000, and its current assessed value is $26,300.
Key Characteristics & Appeal
This home presents a practical, no-frills opportunity in a well-established area. Its primary appeal lies in being a manageable, entry-level property. The living space is slightly below average for the immediate street but is generally on par for the Crestview area, making it a compact and efficient layout. A significant positive is the renovated basement, which adds functional living space without the need for immediate upgrades.
The standout characteristic is the home's age relative to its neighbours; it is the newest build on Topaz Road, which can suggest potentially fewer age-related issues compared to immediate peers. However, the lot size is notably smaller than most in Crestview and across Winnipeg, which limits expansive outdoor potential but reduces maintenance.
It would best suit first-time buyers or downsizers seeking an affordable foothold in a mature neighbourhood without a major renovation project. The renovated basement adds value for those needing a home office, rental potential, or flexible family space. It is less suited for buyers prioritizing a large yard, garage parking, or above-average square footage for the price.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value of $26,300 is for municipal tax purposes. The market value, influenced by recent sales and current demand, is typically different. The home last sold for $220,000 in 2019.
2. What does it mean that the home is the "newest" on the street?
Built in 1970, this home is newer than the average on Topaz Road. While still over 50 years old, this could mean building materials, systems, or layout are marginally more modern than direct neighbours, but a thorough inspection is still essential.
3. How much of a factor is the smaller lot size?
The lot is significantly smaller than the Crestview average. This means lower yard maintenance but less privacy and limited room for additions, decks, or pools. It's a trade-off between convenience and outdoor space.
4. What is the significance of the renovated basement?
A renovated basement immediately adds usable living space without the cost and hassle of a renovation. It's a key feature that adds functionality, whether for recreation, guests, or income potential, and sets this property apart from similar unrenovated homes.
5. How does this property compare to the wider neighbourhood?
The data shows this home is somewhat atypical for Crestview. It sits on a smaller lot and has a lower assessed value than most area homes. This can indicate a more affordable entry point into the neighbourhood, but it may not appreciate at the same rate as properties on larger, more standard lots in the area.