Property Overview: 10 Colshort Place, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained cabover-style home in Dakota Crossing offers a practical, move-in-ready footprint. Its key features include 1,503 sqft of living space, a renovated basement, and an attached garage. Built in 2005, it is a newer construction compared to much of Winnipeg's housing stock, suggesting modern building standards and less immediate need for major updates.
The appeal here is one of balance and value. While the lot size is modest for the immediate street, the home itself offers above-average interior space for the city overall. It recently sold well above its assessed value, indicating strong market interest. The renovated basement adds functional living area, making it efficient for its size.
This property would suit first-time buyers or downsizers seeking a low-maintenance, modern home without the premium of a brand-new build. It’s also a pragmatic choice for value-focused buyers who prioritize updated interiors and a solid building envelope over a large yard. A less obvious perspective is that its "below average" metrics on its own street could represent a relative value opportunity within a desirable pocket of the neighborhood.
Section 2: Frequently Asked Questions
1. Is the lot size a concern?
The land area is smaller than most on Colshort Place. This means less yard maintenance but also less private outdoor space. It's a trade-off that favors indoor living and simplicity.
2. How does the recent sale price compare to the assessment?
The home sold for $54,600k in December 2024, which is significantly higher than its $52.10k assessed value. This typically reflects current market conditions and buyer demand exceeding the value calculated for tax purposes.
3. What does "above average for the city" mean for living space?
With 1,503 sqft, this home is larger than about 70% of Winnipeg homes. This suggests efficient use of space that comfortably accommodates a small family or couple.
4. How does the age of the home (2005) benefit a buyer?
A 21-year-old home often strikes a balance: major components like the roof, windows, and furnace are newer than in many older homes but may be nearing the stage where future replacement should be budgeted for, providing a clear maintenance timeline.
5. What is a "cabover" building type?
This refers to a specific architectural style where the second story extends over part of the ground floor, often creating a distinctive street-facing facade. It typically results in a efficient, compact footprint.