38 Savoy Crescent

Property Overview

This two-storey home in Betsworth presents a compelling opportunity for buyers seeking established character and generous space. Built in 1976, its key appeal lies in its substantial 7,235 sqft lot and an above-average 1,840 sqft of living area, which ranks it in the top tier of homes locally for size. The property features a finished basement and an attached garage. Its value is underscored by an assessed value of $452,000, which places it well above average for Winnipeg overall.

The home’s rankings reveal a nuanced position: while its size and lot are standout features in the immediate area, the property is balanced by its middle-of-the-road ranking within the broader community for age and value. This profile would suit a practical buyer who prioritizes indoor and outdoor space over a brand-new build, and who sees potential in a well-located, 50-year-old home that offers a solid foundation. It’s a property for someone comfortable in an established neighbourhood, possibly looking for a home to put their own stamp on over time, with the lot size being a particularly valuable asset for privacy, gardening, or future expansion.

Frequently Asked Questions

1. What does the ranking system mean?
The rankings compare this property against others on the same street, in the Betsworth community, and across all of Winnipeg. For example, being in the "top 5%" for living area on its street means only 5% of homes on Savoy Crescent are larger. It's a quick way to gauge how specific features stack up locally.

2. Is a 50-year-old home a concern?
While the home is established, its age is very typical for the neighbourhood. The key will be the condition and updates of major systems (like roof, windows, furnace) and the finished basement, which should be inspected thoroughly. Its age is reflected in the community ranking, where it sits near the median.

3. How significant is the lot size?
At over 7,200 sqft, the lot is a major feature. It significantly outranks most properties in Winnipeg and offers ample backyard space, which is increasingly rare. This is a prime asset for families, entertainers, or anyone valuing outdoor privacy and room.

4. The assessment is $452,000; will the selling price be similar?
Not necessarily. The assessed value is for municipal tax purposes and can be a benchmark, but market conditions, the home's interior condition, and buyer demand ultimately determine the sale price. It indicates the home is considered a higher-value property in the city's system.

5. What is the neighbourhood like?
Betsworth is an established, mature community. The rankings show that within this neighbourhood, this home is very competitive in terms of sheer size but average in terms of its age and assessed value, suggesting it fits comfortably within the area's mix of properties.