62 Granada Crescent

Property Overview: 62 Granada Crescent, Heritage Park, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home, built in 1970, sits on a generous 7,353 sqft lot in Heritage Park. With 1,088 sqft of living space, an attached garage, and an unfinished basement, it presents a straightforward layout. The home’s primary appeal lies in its solid lot size—which is above average for both the neighbourhood and the city—offering ample outdoor space and potential. Its assessed value is notably below average at $25,300, indicating a lower property tax burden and positioning it as an accessible entry point into the market.

This property would best suit practical buyers looking for value and space over immediate turn-key finishes. It’s a strong candidate for first-time homeowners comfortable with a home that may require updates, or for investors seeking a property with a good land-to-building ratio. The below-average living area suggests a cozy, manageable footprint, which could appeal to downsizers or those seeking a simpler layout without the maintenance of a larger house. A thoughtful perspective is that the home’s older, unrenovated state provides a clear canvas, allowing the next owner to add value according to their own taste and budget without paying a premium for someone else’s renovations.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than nearby homes?
The assessed value is based on the property’s current state as determined for municipal tax purposes. A value significantly below area averages often reflects the home’s condition, specific market factors, or its unrenovated basement. It does not necessarily predict the final sale price.

2. What does the "unfinished basement" mean for potential living space?
The basement is present but not developed. This offers both a project and an opportunity: it provides ample storage and mechanical space as-is, but could be legally finished in the future to add significant living area, subject to permits and building codes.

3. How does the lot size compare to others in Winnipeg?
The lot is a standout feature. At over 7,350 sqft, it ranks in the top 21% in Heritage Park and the top 14% city-wide, offering more private outdoor space than most comparable properties.

4. The home sold recently in late 2024. What does that indicate?
The recent sale suggests active market interest in the property and provides a very current price point for comparison. The specific sold price range can be obtained by request, offering valuable data for making an informed offer.

5. Is this a good option for someone wanting a move-in-ready home?
Likely not, if "move-in-ready" means modernized finishes. The data suggests a home that is functional but may require updates. Its appeal is strongest for those who see potential in the structure and lot, and who plan to live in it while making gradual improvements or who are comfortable with its as-is condition.