Property Overview: 58 Bernard Bay, Mission Gardens, Winnipeg
Key Characteristics & Appeal
This 1976 bi-level home sits on a large, mature lot in Winnipeg's Mission Gardens neighbourhood. Its primary appeal lies in the combination of a renovated basement, significant outdoor space, and a location that ranks highly within its immediate area. The 9,285 sqft lot size places it in the top tier for the street and neighbourhood, offering rare space for gardening, play, or expansion. With 898 sqft of living space, the home itself is modest but functional for its era.
The property’s value proposition is grounded in its lot and recent updates. The renovated basement adds flexible living space, a key upgrade for a home of this age. Market activity shows steady appreciation, with the last sale in 2023 at $38,500k, well above the 2020 sale price. While the home’s interior square footage is average for the area, its lot size and basement condition are standout features. It would suit first-time buyers or downsizers looking for a manageable home with a generous yard in an established community, or an investor seeking a property with strong foundational value and upside in its land.
A less obvious perspective is that this home represents a "value-tier" entry into a seemingly stable, mature street. The high rankings for lot size and street-level "newness" suggest it's among the better-situated properties on the block, potentially offering more privacy or a better aspect than immediate neighbours. The recent sale price also indicates it's perceived as updated relative to its direct competition.
Frequently Asked Questions
1. What does "renovated basement" typically include in a home of this age?
While specifics require a viewing, in a 1976 bi-level this often means updated flooring, drywall, and lighting to create a finished living or recreational space. It’s important to verify the quality of the renovation and check for any underlying moisture or foundational issues common with older homes.
2. How does the lack of a garage affect daily life and property value?
For many buyers in this price range, a garage is a trade-off for lot size and location. It means relying on driveway parking, which is standard for the area. The large lot does offer potential for adding a garage or shed in the future, subject to local bylaws.
3. The home is described as "modest" in size. How does the layout function for daily living?
The bi-level design typically splits living areas between two half-levels. This can offer good separation of spaces (like having bedrooms on a quieter level) but may involve more stairs than a bungalow. The renovated basement effectively doubles the usable space.
4. The lot is large, but what is the neighbourhood feel like?
Mission Gardens is an established neighbourhood with homes primarily from the 1970s and 80s. A large lot in this context often means more distance from neighbours, mature trees, and a settled, quiet street atmosphere compared to newer, denser subdivisions.
5. The assessed value is lower than the recent sale price. What does this indicate?
Municipal assessed value is for tax purposes and often lags behind the current market. The 2023 sale price is a clearer indicator of its present market value. The increase from the 2020 sale suggests the market recognizes the property's updates and desirable lot.