Property Overview
15 Cambrian Crescent is a well-established, single-storey home in Winnipeg's Eric Coy neighbourhood. Built in 1973, its key appeal lies in its generous, mature lot of over 7,800 square feet—a rarity that offers significant space and privacy in the city. The 1,120 sqft house presents a straightforward, unrenovated canvas with an unfinished basement, positioning it as a solid value proposition. Its strongest advantages are its lot size, which ranks in the top 12% citywide, and the home's age, which is newer than most others on its street. This combination suits buyers looking for a long-term family home with ample outdoor space to grow into, or value-seeking purchasers comfortable with a home that requires personalization. It’s less suited for those seeking immediate move-in readiness or modern finishes without project work.
Frequently Asked Questions
1. What does the ranking data actually mean for a buyer?
The rankings show this property’s strengths are its lot size and relative newness compared to immediate neighbours. While the interior space is average for the area, the large lot is a standout feature that typically holds and adds value over time.
2. Is the unfinished basement a drawback or an opportunity?
It's primarily an opportunity. It provides ample storage and flexible space for future development (like a rec room or additional bedrooms), but buyers should budget for finishing costs. It keeps the current assessment value lower, which can be a tax advantage until it's developed.
3. The home ranks low on assessed value for the street. Is that a concern?
This likely reflects the home’s original condition and unfinished basement compared to more updated homes on the crescent. It suggests potential to increase the property's value through strategic updates, rather than indicating a fundamental problem.
4. Who would benefit most from this large lot?
Families, gardeners, or anyone seeking private outdoor space. The lot size offers room for additions like a large deck, play structures, or a garden, which are hard to find in newer subdivisions. It also provides a greater sense of separation from neighbours.
5. Given its age, what should be the priority inspection focus?
While the structure has proven durable, a thorough inspection of major 50-year-old systems is crucial. Focus should be on the roof, foundation, plumbing, and electrical systems to understand any upcoming capital expenditures, beyond any cosmetic updates desired.