Property Overview: 248 Bernadine Crescent, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a distinct profile centered on land value and potential. Its primary asset is a large, 7,801 sqft lot, which ranks in the top 9% on its street and top 10% in the Buchanan neighbourhood. This generous outdoor space offers significant room for gardening, expansion, or recreation. The house itself is a compact, one-storey layout built in 1972 with 864 sqft of living space and a renovated basement, suggesting functional updates have been made. It features a detached garage.

The appeal here is for a specific buyer: one who prioritizes land over square footage. It’s a property where the value lies more in the ground it sits on and the possibilities it presents, rather than in a large existing footprint. It would suit a practical buyer looking for a solid foundation in a well-established neighbourhood—perhaps a first-time homeowner comfortable with a cozy interior, an investor seeing long-term land value, or someone interested in eventually building or extending, given the substantial lot size. The home’s assessed value is strong for its immediate area, indicating it is viewed favorably within its local market context.

Section 2: Frequently Asked Questions

1. Is the house too small for the lot?
While the living area is below average for the area, this isn’t inherently a drawback. For the right buyer, this represents an efficient use of interior space coupled with abundant outdoor potential, setting it apart from more densely built properties.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to investigate for finish quality, legal egress, ceiling height, and whether it adds functional living space or primarily storage/utility.

3. How does the assessed value compare to the last sale price?
The home was last sold in July 2020 for $300,000. Its current assessed value is $35,400. It is crucial to understand that municipal assessed value is for taxation purposes and is typically much lower than market value; it should not be used as a direct indicator of listing or sale price.

4. What is the neighbourhood like?
The home is in Buchanan, a mature Winnipeg neighbourhood. The lot size rankings suggest it's on a street and in an area with generally larger properties, which can contribute to a more spacious, established feel.

5. Are there any concerns with a home built in 1972?
While the year built is not unusual for the area, a home of this age will have core systems (roof, wiring, plumbing, windows) that are likely original or of varying ages. A thorough inspection is essential to understand the condition and any upcoming maintenance priorities, balanced against the benefit of a renovated basement.