Property Overview
11 Lambeth Road is a well-maintained, one-storey home in Winnipeg's Dakota Crossing neighbourhood. Built in 2007, it is a notably newer property compared to most homes in the city. The house features 1,248 sqft of living space, an attached garage, and a renovated basement. It sits on a 4,400 sqft lot.
The appeal of this home lies in its modern foundation and efficient use of space. Key data shows it stands out on its own street, ranking in the top tier for living area, assessed value, and year built compared to immediate neighbours. This suggests a property that offers above-average condition and updates for its specific micro-area. It would suit first-time buyers or downsizers seeking a low-maintenance, single-level layout in a stable neighbourhood, as well as value-conscious buyers who appreciate a home that outperforms its immediate peers in key metrics.
Frequently Asked Questions
1. How does this home compare to others in Dakota Crossing?
While its living area is around the neighbourhood average, it is a significantly newer build (2007) than most area homes. The lot size is somewhat smaller than the Dakota Crossing average, but this often translates to less yard maintenance.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would be a key point to clarify with the seller or listing agent to understand if it's a full living space, a rec room, or updated utilities.
3. The assessed value seems high for the street but average for the area. Why?
The home is assessed at $49.30k, which is the highest on Lambeth Road. This likely reflects its newer age, renovated basement, and overall condition compared to neighbouring properties, which may be older.
4. Is the 2020 sale price relevant today?
The home sold for $39.50k in October 2020. This provides historical context, but the current market value is determined by present conditions, recent comparable sales, and the updated assessed value.
5. What are the less obvious considerations for a home like this?
As a newer home on a street with older ones, it may have different architectural styles. The smaller lot means less private outdoor space but lower upkeep. Its strong rankings on its own street suggest it may hold its value well in that specific context, even if it's more average in the wider neighbourhood.