Property Overview: 168 Kay Crescent, Crestview, Winnipeg

Key Characteristics & Appeal

This well-situated one-storey home in Crestview presents a practical and solid opportunity. Built in 1973, it is notably newer than most homes on its street and in the neighbourhood, which can be a significant advantage for maintenance and systems. The 1,120 sqft living space is complemented by a renovated basement, adding functional space, and the property sits on a generous 6,598 sqft lot that is larger than many area comparables. A detached garage provides additional storage or workshop space.

The appeal lies in its above-average positioning within a mature, established community. The data suggests a home that outperforms local benchmarks in key areas like lot size, recent construction year, and assessed value for the area. It suits buyers looking for a move-in-ready bungalow with a low-maintenance footprint, first-time homeowners seeking a stable starter in a quiet crescent, or downsizers appreciating the single-level layout and the potential of the finished basement for family visits or hobbies. The generous lot offers room for gardening, play, or future expansion, providing a tangible sense of space that is harder to find in newer subdivisions.

Frequently Asked Questions

1. How does the assessed value compare to the likely selling price?
The home's assessed value is $36,700, which is above average for both the street and Crestview. It's important to note that assessed value is for municipal tax purposes and the market sale price is determined by current buyer demand, condition, and comparable recent sales.

2. What does the "renovated basement" entail?
The listing notes a renovated basement, but specifics on the finish quality, permits, and the extent of the renovation (e.g., full living space, bathroom, moisture-proofing) should be verified through a viewing and inspection.

3. Is the neighbourhood predominantly original owners?
Given the home was built in 1973 and is newer than most on the street, the area is likely well-established with a mix of long-term residents and newer owners, contributing to a stable community feel.

4. What are the implications of a detached garage?
A detached garage offers flexibility and can reduce noise transfer, but it requires going outdoors to access your vehicle from the house—a consideration during Winnipeg winters.

5. The home sold in 2020 and 2017; what does that history suggest?
The two sales in a relatively short period could indicate various scenarios, from investor turnover to changing family needs. It underscores the importance of a title search and understanding the reasons for sale, but is not inherently negative for a home of this age.