Property Overview: 11 Cambrian Crescent, Winnipeg
Key Characteristics & Appeal
This is a well-maintained 3-level split home built in 1973, situated on a large, mature lot of nearly 7,000 sqft in the Eric Coy neighborhood. Its primary appeal lies in its spaciousness and established setting. The home offers 1,306 sqft of living space, including a finished basement, providing flexible room for family life, hobbies, or a home office. A key, less obvious advantage is its relative age ranking; being newer than most homes on its street and over half in Winnipeg suggests it may have seen updates or is in a pocket of slightly more modern construction for the area.
The property suits practical buyers looking for a solid, single-family home with room to grow outdoors without the premium of a brand-new build. It’s ideal for first-time homeowners seeking value and space, or downsizers who want a manageable home with a generous yard. The attached garage and finished basement add everyday convenience and utility. While its community rankings for size and value are moderate, its strong city-wide rankings for lot size and overall value indicate this property offers more space and worth than most in Winnipeg, representing a grounded opportunity in an established area.
Frequently Asked Questions
1. What does the "3-level split" layout mean?
This design features short flights of stairs separating living areas, typically creating four distinct levels. It often provides good separation between living, sleeping, and recreational spaces, offering more privacy than an open bungalow.
2. How does the finished basement add value?
It immediately increases usable living space for recreation, guests, or storage. A finished basement is a functional asset that adds to the home's livability without increasing property taxes based on square footage in the same way above-ground additions do.
3. The lot is large, but what does that mean for upkeep?
A 6,970 sqft lot provides excellent outdoor space for gardening, play, or entertaining. Buyers should consider the time or cost for lawn maintenance, landscaping, and seasonal chores like snow clearing on a larger driveway.
4. The home is over 50 years old. What should I check?
While the rankings suggest it's in good relative condition, a thorough inspection is crucial. Pay special attention to the roof, foundation, plumbing, electrical systems, and windows, which may be nearing or past their typical lifespans and could require updates.
5. The assessment value is $412,000. Is that the sale price?
No. The municipal assessment is for tax purposes and reflects a government valuation from a prior date. The market sale price is determined by current conditions, buyer demand, and the home's specific features, and can be higher or lower than the assessed value.