78 Savoy Crescent

Property Overview: 78 Savoy Crescent

Section 1: Key Characteristics & Appeal

This well-situated bungalow in Betsworth offers a practical and comfortable living proposition. Its key characteristics include a generous 6,468 sqft lot, a fully finished basement, and a manageable 1,263 sqft of living space in a single-story layout. Built in 1976, the home presents a solid, established foundation.

The appeal lies in its balance of space, location, and value. The large lot is a significant asset, offering ample room for gardening, recreation, or future expansion in a mature neighbourhood. Its rankings indicate it outperforms most of Winnipeg for lot size and sits in a relatively newer segment of its own street. The 2022 sale price suggests it has been a sought-after property in the recent market. This home would suit first-time buyers looking for a move-in-ready bungalow with a low-maintenance layout, or downsizers seeking single-level living without sacrificing yard space. A thoughtful perspective is that while the assessed value is currently on the lower end for its immediate street, the recent sale history and strong city-wide rankings for lot and living space suggest it's a property with underlying value that may be poised differently in the market.

Section 2: Frequently Asked Questions

1. What does the "ranking" data actually mean?
The rankings compare this property against others on its street, in Betsworth, and across all of Winnipeg. For example, its lot size is larger than 77% of all Winnipeg homes, indicating a premium-sized yard. Conversely, its assessed value is lower than most on its street, which could relate to specific factors of the property or recent market shifts.

2. Is the fully finished basement included in the 1,263 sqft living area?
Typically, the listed "living area" refers to above-grade, heated space. The fully finished basement is an additional area, adding significant functional space to the home's total usable footprint.

3. The home was last sold in 2022. Why is it back on the market?
While the specific reason isn't provided here, a relatively quick resale can be due to many neutral life events such as a job relocation, change in family circumstances, or a strategic investment sale. It's a point for discussion with the seller.

4. There's no garage. How is parking and storage?
The property listing does not mention a garage. Buyers should investigate the driveway capacity, potential for on-site parking, and assess the storage solutions within the home and basement to meet their needs.

5. How should I interpret the difference between the 2022 sale price and the current assessed value?
Municipal assessments for taxation purposes often lag behind current market values and use a different valuation model. The 2022 sale price is a concrete market transaction, while the assessment is an administrative value. The gap between them highlights the importance of obtaining a current market evaluation.