10 Peadin Place

Property Overview: 10 Peadin Place, Winnipeg

Section 1: Key Characteristics & Appeal

This 1989 bi-level home at 10 Peadin Place in Dakota Crossing presents a practical and value-oriented opportunity. Its key characteristics include 1,330 sqft of living space, a renovated basement, an attached garage, and a notably generous 8,178 sqft lot. The home’s assessed value is positioned above average citywide, suggesting solid underlying value for the property itself.

The primary appeal lies in its balance of space and land. While the living area is modest for the immediate street, the lot size is well above average for both the neighbourhood and the entire city, offering significant outdoor potential. The renovated basement adds functional living space. This property suits a specific buyer: those who prioritize a large, private yard for gardening, recreation, or future expansion over having a larger interior footprint. It’s also a sensible match for value-conscious buyers or young families looking in Dakota Crossing, as the above-average citywide assessment combined with the lot size indicates a property with strong fundamental equity, even if the house itself isn't the largest on the block.

Section 2: Frequently Asked Questions

1. How does this home’s size compare to others?
The living space is below average for Peadin Place itself but is around the typical size for both the Dakota Crossing neighbourhood and Winnipeg overall. The lot size, however, is significantly larger than most in the area.

2. What does the "above average" citywide assessed value mean?
It indicates that, compared to all residential properties in Winnipeg, this home’s official assessed value is in the top 21%. This often reflects desirable property characteristics—in this case, likely the substantial lot and recent renovations—more than just interior square footage.

3. Is the 2021 sale price of $430k relevant today?
It serves as a historical benchmark, showing what a buyer previously paid. Current market conditions, updates made since then, and official assessments must be considered to determine today’s value.

4. Who might this property not suit?
Buyers seeking a very large interior or the newest home on the street may find it limited. Its appeal is geared more toward those who see value in land and are comfortable with a home that has a functional, updated layout rather than expansive rooms.

5. What is the significance of the lot size being "above average" for the neighbourhood?
In Dakota Crossing, this lot is in the top 7% by size. This is a standout feature, offering more privacy, space for additions like a deck or shed, and a greater sense of openness than is typical for the area, which can be a long-term advantage.