Property Overview: 27 Abbotsford Crescent
Key Characteristics & Appeal
This home stands out for its superior condition and valuation within its immediate surroundings. Built in 1987, it is notably newer than most comparable homes on its street and in the Vista neighborhood, ranking in the top 2%. With a living area of 1,235 sqft, it offers more space than the typical home on Abbotsford Crescent and in the broader neighborhood. Its most striking feature is its assessed value of $463k, which ranks in the top 4% on its street and top 8% in Vista, indicating it is perceived as a premium property relative to its local market. The lot size of 5,595 sqft is consistent with area averages.
The appeal lies in acquiring a well-positioned, modern property by neighborhood standards that already commands a high assessment. It suits buyers looking for a move-in-ready home in an established area, who value a property that outperforms its direct peers on key metrics. It’s particularly suited for those who prioritize long-term value and a home that is newer than the surrounding housing stock, potentially suggesting fewer immediate renovations.
Frequently Asked Questions
1. Why is the assessed value so much higher than the street and neighborhood averages?
The assessment reflects factors like the home's newer construction date, its above-average living area, and overall condition compared to nearby properties. It suggests the property has features or updates that the municipal assessor recognizes as adding significant value.
2. If the home is newer and more valuable, is the lot smaller?
The lot size is slightly below the street average but is very much in line with the typical lot for both the Vista neighborhood and Winnipeg overall. The property’s value is driven by the home itself, not an unusually large parcel of land.
3. What does the "elite" ranking for year built practically mean for me?
A 1987 build date means major components like the roof, windows, and electrical system are likely more recent than those in many neighboring homes built in the 1960s and 70s. This can translate to greater energy efficiency and lower near-term replacement costs.
4. How should I interpret the citywide rankings being lower than the street/neighborhood rankings?
This highlights that Abbotsford Crescent and the Vista neighborhood are comprised of older, more modestly sized homes compared to the entire city. This property excels within its specific local context, which is often more important for daily living and resale than a citywide comparison.
5. Does a high assessed value mean my property taxes will be significantly higher?
Generally, yes. Property taxes are calculated using the assessed value. While a high assessment indicates a premium property, it also typically results in a higher tax bill compared to neighboring homes with lower assessments.