Property Overview: 74 McCallum Crescent

Section 1: Key Characteristics & Appeal

This is a well-established, single-family bungalow on a spacious 6,000 sqft lot in Southboine. Built in 1978, the home offers 1,271 sqft of living space, an attached garage, and a full, unfinished basement that presents a clear opportunity for future expansion or customization. The property’s key appeal lies in its solid foundation and the significant potential held in both the large lot and the blank-canvas basement.

Its value is underscored by municipal assessments, which place it above the majority of Winnipeg homes overall. The appeal here is practical and long-term: it’s a home for those who see potential rather than just finished space. It would suit a handy buyer or investor looking for a property with good bones in a mature neighbourhood, where they can add value over time. It’s also a realistic entry point into homeownership, offering space and land that can be difficult to find in newer subdivisions at a similar price point. A less obvious perspective is that the home’s age and unfinished spaces, while requiring work, also mean fewer hidden issues from DIY renovations by previous owners, offering a clearer starting point for a thoughtful update.

Section 2: Frequently Asked Questions

1. What does the "unfinished basement" entail?
It is a full basement with rough-in plumbing and electrical, awaiting drywall, flooring, and finishing. It provides significant additional space to be developed as living area, storage, or a utility room.

2. How should I interpret the property rankings provided?
The rankings compare this home to others on its street, in Southboine, and across all of Winnipeg. For example, ranking "in the top 31%" for lot size in Winnipeg means 69% of city lots are smaller, highlighting the above-average outdoor space. The age ranking shows it is newer than most homes on its street but older than many in the broader city.

3. Is the assessed value the same as the market price?
No. The municipal assessment of $392,000 is for tax purposes and is based on a mass appraisal system from a prior date. The market price is determined by current conditions, buyer demand, and the specific features of the home, and may differ.

4. What are the advantages of a bungalow like this?
The single-story layout offers main-floor living, which can be ideal for aging in place or for those seeking to avoid stairs. The simple roof line and structure can also mean lower maintenance and heating costs compared to larger two-storey homes.

5. What is the neighbourhood character of Southboine?
As a mature area, Southboine typically features established landscaping, larger lot sizes, and a mix of long-term residents. Buyers should expect character from older homes and the stability of a well-developed community, rather than the brand-new feel of a recent subdivision.