Property Overview

50 Sandra Bay is a 1,108 sqft, one-storey home built in 1954 on a notably generous 7,192 sqft lot in Winnipeg's Crescent Park neighborhood. It features a basement but no garage or pool. The home presents a specific value proposition: its assessed value is below average for its immediate area, yet it sits on a land parcel that is larger than most, both locally and city-wide.

Key Characteristics & Appeal

The primary appeal of this property lies in its balance of space and value. The living area is modest and typical for the area, but the lot size is a significant asset, ranking within the top 21% on its own street. This creates a clear opportunity for buyers who prioritize outdoor space, potential future expansion, or simply a more generous setting than newer subdivisions typically offer. The home itself, with its unrenovated basement, is a straightforward canvas.

It would suit a practical buyer looking to enter the Crescent Park area at a point below the neighborhood's average price point. This could be a first-time homeowner comfortable with a property that may require updates over time, or an investor attracted by the lot size and the below-average assessment for the street. The appeal is less about immediate move-in luxury and more about securing a proportionally large piece of land in an established community, with the home offering functional living space to build upon.

Frequently Asked Questions

Q: Is the below-average assessed value a red flag?
A: Not necessarily. It primarily reflects the home's modest size and condition relative to others on the street. It can indicate a more accessible entry price into the neighborhood, but a professional inspection is always recommended to understand the property's full condition.

Q: What are the implications of such a large lot?
A: Beyond generous yard space, a larger lot can offer better privacy, room for additions like a garage or deck, and potential for landscaping projects. It's a long-term asset that newer homes often lack.

Q: The home has no garage. How significant is this?
A: This is common for homes of this era. Buyers should consider the cost and feasibility of adding off-street parking or a garage later, which the large lot may accommodate, versus relying on street parking.

Q: How does the age of the home (1954) factor in?
A: It's older than most on its street, which suggests potential for character but also means critical systems (roof, plumbing, wiring) may need evaluation or updating. Its age is more typical when compared to the wider city.

Q: The basement is noted as "not renovated." What should I expect?
A: This typically means the basement is in original or utilitarian condition, likely suited for storage and mechanicals rather than finished living space. It represents potential for future development but will require investment.