31 Cambrian Crescent

Property Overview: 31 Cambrian Crescent, Winnipeg

Key Characteristics & Appeal

This is a well-established, single-storey home in the Eric Coy neighbourhood, built in 1972 on a generous 7,200 sqft lot. Its key features include a fully finished basement and an attached garage. With 1,284 sqft of living space, it offers a practical layout for comfortable living.

The appeal lies in its balance of space, established community, and value. The home ranks highly within Winnipeg for its lot size (top 15%) and assessed value (top 27%), suggesting a solid investment in a desirable footprint. It suits buyers looking for a move-in ready, low-maintenance bungalow style, ideal for downsizers, first-time buyers seeking room to grow, or those who prioritize a large yard over a newer build. A thoughtful perspective is that this property represents the "bones" of the neighbourhood—a classic home from the area's development era, offering the chance to live in a mature community with spacious lots that are increasingly rare in new subdivisions.

Frequently Asked Questions

1. What is the significance of the provided rankings?
The rankings show how this property compares to others in its immediate street, wider neighbourhood, and all of Winnipeg. For example, its lot size is larger than 85% of Winnipeg homes, a standout feature, while its age is older than about half of the city's housing stock.

2. Is the finished basement included in the 1,284 sqft living area?
Typically, the listed living area (sqft) refers to above-grade space. The finished basement is an additional area, adding valuable functional space like a family room or extra bedrooms not reflected in that main square footage figure.

3. What does the assessment value tell me about the asking price?
The municipal assessment of $441,000 is used for calculating property taxes and is not the market price. However, it is a data point that indicates the home is valued above the majority of properties in the city, and the eventual sale price will be influenced by current market conditions.

4. Who would this home be a good fit for?
It's an excellent fit for those seeking single-level living, like retirees or young families wanting a bungalow layout. The large yard is a major asset for gardeners, children, or pet owners. It's less suited for buyers seeking a modern, open-concept home without any renovation projects.

5. What are the less obvious considerations with a home from this era?
While the basement is finished, the core systems of a 54-year-old home (like plumbing, electrical, and the roof) may be original or nearing the end of their service life. A thorough inspection is crucial. Conversely, homes from this period often feature sturdy construction and larger room sizes than many newer builds.