Property Overview: 88 Girdwood Crescent, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,089 sqft bungalow, built in 1975, presents a distinct value profile in Winnipeg’s Munroe East neighbourhood. Its primary appeal lies in its efficient use of space, offering above-average living area for both its immediate street and local area, making it a practical and comfortable home for its size. A key, less obvious characteristic is its age: it is the newest home on Girdwood Crescent, which may suggest updated systems or components compared to direct neighbours.

However, the property’s defining feature is its assessed value of $190k, which ranks in the bottom tiers (top 96-98%) for its street, area, and city. This indicates a significantly lower property tax assessment than comparable homes, which is a major financial advantage for a buyer. The trade-off is a smaller, more urban-style lot (2,263 sqft), which is well below the area average.

This home would best suit practical, value-conscious buyers such as first-time homeowners, downsizers, or investors seeking a lower ongoing tax burden. It’s ideal for those who prioritize interior space and cost efficiency over a large yard. The recent sale in the $200k-$250k range suggests it transacts as an affordable entry point into the market.

Section 2: Frequently Asked Questions

1. What does the "Elite" ranking for Year Built mean?
It means this home, built in 1975, is the newest on its street (ranked 1 out of 47). For the immediate block, it’s likely among the most recently constructed, which can sometimes correlate with newer building materials or layouts.

2. If the assessed value is so low, are there drawbacks?
Potentially. A very low assessment can reflect the smaller lot size, or it may indicate that the home’s condition or features are more modest compared to the broader market’s average. It’s a financial benefit for taxes, but not necessarily a direct indicator of market sale price.

3. How can the living area be above average but the lot size so far below average?
This highlights the home’s efficient footprint. The house itself is well-proportioned for the neighbourhood, but it sits on a compact, urban lot. This is a common trade-off in older, established suburbs where land values have risen.

4. The home sold recently. What does the price range indicate?
The reported sale price range of CA$200k–250k places it in the lower tiers city-wide. This aligns with the low assessed value and suggests it is an affordable property for Winnipeg, likely appealing to budget-focused buyers.

5. Who would benefit most from the low property tax assessment?
Owner-occupants planning to stay for several years will realize the most significant savings from the lower annual tax bill. For an investor, this also improves the net operating income by reducing carrying costs.