Property Overview & Key Characteristics

This well-situated bi-level home at 50 Fieldstone Bay in Winnipeg's Heritage Park neighbourhood presents a practical opportunity with specific appeal. Built in 1967, its key features include a renovated basement, a detached garage, and a notably generous 5,496 sqft lot that ranks in the top third for size on its street. The home itself offers 1,040 sqft of living space.

The primary appeal lies in its balance of established community and lot potential. While the living area is modest, the large, private yard is a significant asset for gardening, recreation, or future expansion. The renovated basement adds immediate functional space. Its recent sale history suggests it may attract attention as a value-conscious entry into a mature neighbourhood. This property would suit first-time buyers, downsizers seeking a manageable home with outdoor space, or investors looking for a solid rental property in a stable area. It’s a home that offers more potential than prestige, appealing to those who see value in land and location over sheer square footage.

Frequently Asked Questions

1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A professional inspection is recommended to confirm the quality of the renovation, its compliance with permits, and whether it includes a separate entrance or additional bedrooms.

2. How does the lot size compare to others?
The lot is a standout feature at 5,496 sqft, placing it in the top 35% for size within the entire Heritage Park neighbourhood. This is considerably above average for the area and offers more privacy and yard space than many nearby properties.

3. The home sold for less than its assessed value in 2020. Should I be concerned?
Not necessarily. The 2020 sale price can be influenced by many factors, including condition at the time, market timing, or sale circumstances. The current assessed value and recent comparable sales are more relevant for determining today's market value.

4. What is the neighbourhood like?
Heritage Park is a mature, established neighbourhood. The property rankings show homes on this street have a wide range of ages, sizes, and values, indicating a diverse, non-uniform streetscape which can be appealing for its character.

5. Who might this property not suit?
Buyers seeking a modern, open-concept layout or significant above-grade square footage may find the bi-level style and 1,040 sqft living area limiting. It's best for those comfortable with the footprint of a classic Winnipeg bi-level who value the lot size over a large interior.