118 Savoy Crescent

Property Overview & Key Characteristics

This property is a classic two-storey home built in 1976, situated on a notably large lot of over 11,000 sqft in the Betsworth area. Its primary appeal lies in the combination of generous outdoor space and a practical, fully finished basement. The home itself, at 1,456 sqft of living space, is comfortably sized and ranks well above average for its street and the broader city. The standout feature is the land itself; the lot size places it in the top tier locally, offering rare potential for expansion, gardening, or simply enjoying substantial private yard space in the city.

The home would suit a buyer who values space and potential over turn-key modernity. It’s an excellent match for a growing family seeking room to play and grow, a DIY enthusiast looking to put their own stamp on a solid structure with great bones, or a long-term investor attracted by the enduring value of a large lot in a established neighborhood. Its above-average rankings for size against most peers suggest a property that feels more substantial than its price point might indicate, offering a sense of value and room to breathe.

Frequently Asked Questions

1. What does the lot size ranking actually mean?
The ranking indicates that this property's lot is larger than 90% of other lots on its street, 83% in its community, and 96% across all of Winnipeg. This is its most competitive feature, signifying an unusually large and private yard for the area.

2. The home was built in 1976. What should I consider?
While the structure is now 50 years old, its rankings show it is newer than many peers on its street. A pre-purchase inspection is essential to assess the condition of major aging components like the roof, windows, plumbing, and electrical systems, which may need updating or will factor into maintenance planning.

3. How should I interpret the assessment value versus the asking price?
The municipal assessment of $379,000 is a tax valuation, not a market price. That it ranks lower (e.g., top 40% in Winnipeg) than the physical size rankings suggests the city's formula may not fully capture the premium value of the large lot. The market price will be determined by recent sales of comparable properties and buyer demand for this specific offering.

4. Is the finished basement included in the 1,456 sqft living area?
Typically, municipal living area (sqft) measurements in Winnipeg do not include below-grade space, even if finished. The 1,456 sqft likely refers to the above-ground floors. The finished basement provides additional usable space that adds functional value to the home.

5. What are the less obvious advantages of this property?
Beyond the obvious lot size, the high percentile rankings for living area suggest the house feels more spacious inside than many in its immediate vicinity. Furthermore, being in the top 10% of your street for lot size often translates to better light, more privacy, and a greater sense of enclosure—qualities that are hard to quantify but significantly impact daily living.