Property Overview
This two-storey home at 57 Surfside Crescent in Winnipeg's Island Lakes neighbourhood presents a balanced, well-established family offering. Built in 1989, it features over 2,000 sqft of living space, an attached garage, and a renovated basement. Its appeal lies in its above-average lot size of just over 7,000 sqft for the area, providing generous outdoor space, and its position as a solid, mid-range property within its immediate crescent and the wider community. The home suits buyers looking for a move-in-ready family home in a mature neighbourhood, who value space over a brand-new build, and who appreciate a property that performs reliably against local benchmarks without being an outlier in price or size.
Key Characteristics & Appeal
The home's key characteristics are its renovated basement, attached garage, and its generous proportions—both in living area and land area. Its appeal is grounded in being a "strong average" performer in a desirable area. While not the largest or newest on the street, it consistently ranks above average when compared to the broader Island Lakes area and city-wide, suggesting good value and stability. It would particularly suit:
- Growing families seeking established community amenities and larger yards.
- Value-conscious buyers who want more space than a newer starter home typically offers, without the premium of a brand-new property.
- Those who appreciate a home with recent updates (like the basement) but aren't looking for a full-scale renovation project.
A less obvious perspective is that this home represents a predictable investment within its micro-market. Its assessed value and past sale prices track steadily with area averages, suggesting it's less susceptible to volatile swings in value, which can appeal to cautious, long-term planners.
Frequently Asked Questions
1. How does this home really compare to others nearby?
The data shows it's a well-proportioned home for the area. Its living space is around average for Surfside Crescent but places in the top 10% for all of Island Lakes. Its lot size is notably larger, ranking in the top 20% on its street.
2. What does the sold price history indicate?
The home sold in 2022 and 2016. The 2022 sale price placed in the top 4% of the city-wide market at that time, indicating strong demand and a competitive sale, while the 2016 sale was more mid-range. This suggests the property has kept pace with or exceeded broader market appreciation.
3. Is the renovated basement a full suite?
The listing confirms the basement is renovated but does not specify if it is a legal suite with a separate entrance. This is a key detail to verify with the listing agent regarding its layout and compliance.
4. What are the property taxes likely to be?
The current assessed value is $52,500. Property taxes can be estimated by applying Winnipeg's current mill rate to this assessment, providing a good baseline for annual costs.
5. The home is 37 years old. What should I be mindful of?
While the basement has been updated, a home of this age may have original or nearing-end-of-life major components, such as the roof, windows, or HVAC system. A thorough inspection is recommended to budget for any upcoming maintenance typical of a late-80s build.