Property Overview
This one-storey home at 49 Uplands Crescent in Winnipeg's Heritage Park neighbourhood presents a straightforward, renovated living space on a standard-sized lot. Its key appeal lies in its relative affordability and practicality. The home's assessed value is notably below average for its immediate street and neighbourhood, which could indicate a value opportunity for a buyer or potentially reflect the home's more modest specifications compared to nearby properties. With 1,184 sqft of living space and a renovated basement, it offers functional space for a small family, a couple, or a downsizer. The year built, 1970, is newer than most on its street, suggesting potentially fewer age-related concerns than some direct neighbours.
It would suit a pragmatic first-time buyer or an investor looking for a foothold in a stable neighbourhood without a premium price tag. It's also a candidate for someone seeking a main-floor living layout, possibly looking to avoid stairs. A less obvious perspective is that a home with a below-average assessment on a street of higher-valued properties can sometimes face higher relative property tax increases as area values rise, but it also means entering the area at a lower entry point.
Frequently Asked Questions
1. Why is the assessed value so much lower than neighbouring homes on Uplands Crescent?
While the exact reasons aren't specified, a lower assessment can stem from several factors, including smaller living area, fewer updates compared to neighbours, a lack of a garage, or a more basic interior finish. It's a key point to investigate during a viewing.
2. What does "renovated basement" include?
The listing confirms the basement is renovated but does not detail the scope. Buyers should inquire about the quality of the renovation, whether it includes a proper secondary suite or is simply finished living space, and if necessary permits were obtained.
3. Is the lack of a garage a significant drawback in this area?
This depends on buyer needs. Many homes in older Winnipeg neighbourhoods lack garages. The lot size is standard, so there is likely space for driveway parking. For some, it's a compromise for location and price; for others, it's a dealbreaker.
4. How does the 2019 sale price relate to the current assessed value?
The home sold for an estimated $25.5k-$28.5k in mid-2019. Its current assessed value of $32.4k shows an increase, which generally tracks with market trends. The assessment is used for calculating property taxes, not determining market sale price.
5. What is the Heritage Park neighbourhood like for families?
Heritage Park is an established, mature neighbourhood. The street rankings show homes here typically have larger lots and are older on average city-wide. It likely offers a quiet, residential feel with older tree canopies, but buyers should research proximity to specific schools, parks, and amenities to see if it fits their needs.