58 Savoy Crescent

Property Summary: 58 Savoy Crescent

Key Characteristics & Appeal

This is a well-established, single-storey home in the Betsworth neighbourhood, built in 1976. Its key features include a fully finished basement, an attached garage, and a notably generous lot of approximately 6,487 square feet, which offers ample outdoor space for gardening, play, or expansion. With 1,197 square feet of living space, the home provides a practical layout for everyday living.

The appeal lies in its balance of space, established setting, and relative value. The large lot is a significant asset in a mature area, providing privacy and potential not always available with newer builds. The home’s rankings against local comparables reveal a nuanced position: while its lot size and age are competitive within its immediate area, its overall assessed value presents a compelling proposition, ranking higher city-wide than within its own community. This suggests a solid foundation with room for personalization.

This property would suit first-time buyers or downsizers looking for a manageable single-level layout in a quiet crescent, or value-oriented buyers who prioritize land size and see potential in a home that may benefit from updates. It’s for those who appreciate the character of a mature neighbourhood and envision creating their own modern touches over time.

Frequently Asked Questions

1. What is the significance of the property rankings?
The rankings show how this home compares to others in its immediate street, wider community, and across Winnipeg. For example, its lot size ranks highly city-wide, indicating above-average outdoor space, while its assessment value is more competitive on a city scale than locally, which can be an interesting point for valuation discussions.

2. Is the finished basement included in the 1,197 sqft living area?
Typically, the listed living area refers to above-grade square footage. The finished basement is an additional bonus space, providing extra rooms or recreational areas not reflected in the main floor area figure.

3. What are the implications of the home being built in 1976?
A home of this age is likely to have mature trees and landscaping. Buyers should budget for potential updates to major systems like roofing, windows, or the furnace, which may be nearing the end of their service life, while also appreciating the established neighbourhood feel.

4. Does the property have any major drawbacks?
The listing shows no swimming pool, which may matter to some. More importantly, the interior living space is modest relative to the lot size, so the home’s layout may feel cozy for some. The value is heavily weighted toward the land and location.

5. Who is the ideal buyer for this home?
It’s an excellent match for a buyer who values a large, private yard over a brand-new interior. It’s suitable for someone comfortable with a home that may require gradual updates, or who sees the potential to eventually expand the living space to better match the lot’s generous proportions.