94 Savoy Crescent

Property Overview: 94 Savoy Crescent, Winnipeg

Key Characteristics & Appeal

This well-situated Betsworth bi-level home sits on a generous 6,453 sqft lot, offering more outdoor space than most properties in Winnipeg. Built in 1976, the 924 sqft home features a finished basement and a split garage. Its recent sale in March 2024 for $385,000, slightly above its assessed value, indicates a stable and active market recognition.

The primary appeal lies in its land value and established neighbourhood setting. The property ranks highly for its lot size within the city, suggesting a premium on private outdoor space. It suits first-time buyers or downsizers looking for a manageable footprint without sacrificing yard size, or investors attracted to a turnkey property in a mature area with proven resale activity. A thoughtful perspective is that while the living space is compact, the large lot presents a clear opportunity for future expansion or landscaping projects, making it a canvas for a buyer's personal touch. Its rankings show it’s a home that outperforms most of the city on land, yet is very average within its immediate area, positioning it as a solid, grounded choice without premium neighbourhood pricing.

Potential Buyer FAQs

1. What does the ranking data actually tell me?
   It shows how this property compares to others. Notably, its lot size is in the top 23% city-wide, a major asset. However, its living space is smaller than most, so the value is weighted toward the land and location rather than interior square footage.

2. Is a 50-year-old home a concern?
   While systems and components will be at varying stages of their lifespan, a home from this era often features solid construction and mature landscaping. A thorough inspection is crucial, but the recent sale suggests it met modern market standards.

3. Who would this floor plan (bi-level) suit best?
   The bi-level style, with entry typically between two main living levels, suits those comfortable with some stair use. It efficiently separates sleeping areas from living spaces, offering good privacy for its size.

4. The home just sold. Why is it listed again?
   This appears to be a historical data page tracking price and value, not an active for-sale listing. The information is useful for market research and understanding neighbourhood trends.

5. What’s the potential here for the future?
   The significant lot size is the key future-proofing element. Whether for adding a deck, garden, play space, or even considering a future addition (subject to permits), the land provides options that many newer subdivisions do not.