Property Overview: 120 Turnham Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 120 Turnham Drive in Dakota Crossing presents a specific value proposition centered on its renovated basement and efficient footprint. With 866 sqft of living space, it is notably compact compared to most homes on its street and in the wider neighbourhood, placing it in the top 94-97% for size (meaning it is smaller than the vast majority of comparable properties). This smaller scale is balanced by a recently renovated basement, adding functional living space.
The home’s primary appeal lies in its efficient use of space and its position as a relatively newer build on the street; constructed in 1988, it is one of the newest homes on Turnham Drive. The assessed value of $350k is average for Winnipeg overall but sits at the lower end for the immediate area, suggesting potential entry-level affordability in this location. The lot is also compact at 3,780 sqft, requiring less maintenance.
This property would suit first-time buyers or downsizers seeking a manageable, low-maintenance home with modernized finishes in the basement. It’s a practical choice for those who prioritize a newer building envelope and a renovated interior over square footage or expansive outdoor space. A thoughtful perspective is that its smaller size and lot translate to lower utility and upkeep costs, while its average city-wide assessment could indicate room for value growth as the neighbourhood evolves.
Section 2: Frequently Asked Questions
1. How does the home’s size compare practically?
At 866 sqft, the living area is significantly smaller than the average home on Turnham Drive (~1,014 sqft) and in Dakota Crossing (~1,483 sqft). This indicates a efficient, compact layout best suited for individuals, couples, or small families.
2. What does the assessed value tell us?
The $350k assessment is average city-wide but ranks in the bottom 2% for its immediate street and neighbourhood. This typically means you are paying for the structure and location rather than land value, and it may represent a more accessible price point within the area.
3. Is the 1988 build date an advantage?
Yes, particularly on this street. Being built in 1988 makes it one of the newest homes in the direct vicinity, which can mean fewer concerns with outdated major systems (like wiring or plumbing) common in older Winnipeg homes.
4. What should I know about the lot?
The 3,780 sqft lot is smaller than most in the city and area. This means lower yard maintenance but also limited space for expansions, large gardens, or extensive outdoor recreation.
5. What is the context of the last sale price?
The home sold for $300k in August 2020. The current assessed value of $350k reflects market changes and the renovated basement since that time. It’s important to compare this with recent sales of similar, updated properties for a true market picture.