Property Overview

This single-storey home at 261 Carson Bay in Winnipeg's Crestview neighborhood presents a straightforward, renovated living space on a standard city lot. Its appeal lies in its practicality and position as a solid, middle-of-the-road property within its context. The home is unassuming, with no garage or pool, but features a renovated basement that adds functional living space. The data suggests it is consistently average or slightly below average for its immediate street and Crestview area in terms of size, lot, and assessed value, but holds its own reasonably well in a citywide comparison. It last sold in April 2022 for $410,000.

This property would suit a first-time homebuyer or a downsizer looking for a manageable, updated footprint without the maintenance of a larger property. It’s for someone seeking value and functionality over premium features or a standout lot, and who appreciates the stability of a mature, established neighborhood like Crestview.

Frequently Asked Questions

Is this house a good value compared to others on the street?
Based on the provided metrics, the home is generally around average for Carson Bay in terms of living area, assessed value, and year built. Its last sale price in 2022 ranked in the top 17% for the street, suggesting it may have been perceived as a good value or was updated at that time.

What does the "renovated basement" likely include?
While specific finishes aren't detailed, a renovated basement in a home of this era typically means it has been finished into a livable space, potentially including a recreation room, additional bedrooms, or a bathroom. It's a key feature that adds functional square footage to the main floor's footprint.

How does the lack of a garage affect daily life and value?
This is a significant consideration for many buyers. It means relying on street parking, which can be a challenge in winter, and provides no dedicated storage or workshop space. This feature often positions the home at a different price point compared to similar properties with garages.

The assessed value seems low. What does that mean?
The assessed value (approximately $30,900) is for municipal tax purposes only and is not an indicator of market value. The dramatic difference between this number and the 2022 sale price ($410,000) is normal in Manitoba. Market value is determined by recent sales of comparable homes.

Is the property likely to need major updates soon?
Built in 1961, the home is of an age where core systems (like roof, plumbing, electrical, windows) may have been updated over time or could be nearing the end of their service life. A thorough inspection is advised to determine the condition of these major components, as the renovation appears focused on the basement finish.