62 Savoy Crescent

Property Overview: 62 Savoy Crescent

This well-established two-storey home in Betsworth offers a blend of space, functionality, and a mature setting. Built in 1976, it sits on a large, approximately 6,500 sqft lot and features 1,484 sqft of living space, a finished basement, an in-ground pool, and an attached garage. The home's appeal lies in its generous outdoor space and proven livability, presenting a solid opportunity for those seeking a ready-to-enjoy property without the premium of a new build.

Its competitive rankings are notable: it outperforms a majority of Winnipeg homes in terms of lot size, living area, and assessed value. The 2021 sale price closely aligns with the current assessment, suggesting stable value. This property would suit practical buyers—growing families, multi-generational households, or entertainers—who prioritize functional space, a private backyard for recreation, and a home with established character over a brand-new renovation project. It’s a home for creating memories, not a blank canvas.

Key Considerations & FAQs

1. What is the true condition of a 50-year-old home?
   While it offers great space, a home from this era will likely have original components, like windows, roof, or major systems, that are at or beyond their typical lifespan. A thorough inspection is essential to budget for upcoming maintenance or updates.

2. How does the pool impact insurance and utility costs?
   An in-ground pool adds significant appeal but also recurring responsibilities. Expect higher annual insurance premiums and seasonal increases in water and chemical costs. It's a luxury feature that requires committed upkeep.

3. Is the finished basement a legal suite?
   The listing notes a finished basement but does not specify a separate entrance or kitchen. It likely serves as excellent additional living or recreational space, but buyers should not assume it is an income-generating legal suite without verification.

4. The lot is large, but how is it oriented and used?
   A 6,489 sqft lot is a major asset. Consider its sun exposure for the pool and garden, privacy from neighbours, and how much of the yard is usable flat space versus taken up by the pool and footprint of the house.

5. Why did it sell in 2021, and how does that market compare?
   The home sold for $465,000 in late 2021, near the peak of a historically hot market. Its current assessed value of $455,000 indicates it has held its value well in the subsequent market adjustment, which can be seen as a sign of stability.