Property Overview & Key Characteristics
This 2014-built home in Assiniboia Downs offers a modern, low-maintenance lifestyle. Its key appeal lies in a combination of a renovated basement, a newer build that minimizes immediate repair concerns, and a highly desirable location within its neighbourhood. The data indicates it ranks in the top 1% of properties within its immediate neighbourhood for area, suggesting a premium lot or positioning. With 1,484 sqft of living space, it provides ample room without being overly large.
The home would suit first-time buyers seeking a move-in-ready property, or downsizers looking for a modern, single-level living option (assuming a bungalow or similar style, given the living area and basement). Its strong neighbourhood ranking also makes it a sensible choice for value-focused buyers who prioritize location within a community over having the largest house on the block. A thoughtful perspective is that while the home recently sold for $650k, its assessed value is significantly lower; this isn't uncommon for newer homes in strong markets, but it's a point for buyers to discuss with a financial advisor regarding property tax expectations and long-term valuation.
Frequently Asked Questions
1. What does the "top 1% in neighbourhood" ranking actually mean?
This ranking is based on land area. It means this property's lot size or positioning is among the very best in Assiniboia Downs, placing it in the 99th percentile compared to its immediate neighbours.
2. The home recently sold for $650k, but is assessed at $58.80k. Why is there such a large difference?
Municipal assessed value for tax purposes is often different from market value. This gap can be more pronounced for newer homes in high-demand areas. The sale price reflects current market conditions, while the assessment is an administrative valuation.
3. Is this a standalone house or a townhouse/condo?
The listing shows "Garage: None" and lists several nearby properties with the same street number (e.g., 2-70, 6-70, 8-70 Oak Forest Crescent). This strongly suggests it is part of a condominium or townhouse complex with shared grounds and no private garage.
4. What are the implications of having a renovated basement?
A renovated basement adds immediate liveable space and functionality. It's important to verify whether the renovations were permitted and to have the finished areas inspected, as with the rest of the home, to ensure quality.
5. The home is 12 years old. What major maintenance should be anticipated?
While still relatively new, key components like the roof, HVAC system, and major appliances may be nearing the middle or end of their typical lifespans. A thorough inspection is recommended to gauge their current condition and plan for potential future replacements.