Property Overview
142 Kennington Bay is a 1986 bi-level home in Winnipeg's Dakota Crossing neighbourhood. With 870 sqft of living space and a renovated basement, it sits on a roughly 4,700 sqft lot. Its key appeal lies in being a competitively priced, lower-maintenance entry point into the housing market. While its living space is notably compact compared to most area homes, this is reflected in its assessed value of $380k, which is below average for the immediate street and neighbourhood but aligns with the wider city average. The renovated basement adds functional space, offsetting the smaller main floor footprint.
This property would suit first-time buyers or downsizers seeking an affordable foothold in a established neighbourhood without a major renovation project. Its below-average size and value for Dakota Crossing suggest it's a practical option for those prioritizing location and budget over square footage, offering a way to build equity. A thoughtful perspective is that a home of this vintage and size on a standard lot presents a clearer, more manageable renovation and maintenance scope compared to larger, more complex properties, allowing owners to customize without being overwhelmed.
Frequently Asked Questions
How does the home's size compare to others in the area?
The living area is 870 sqft, which is below average for Dakota Crossing. This is a key factor in its pricing and may appeal to buyers seeking a more efficient, easier-to-maintain space.
What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key point to clarify with the seller or their agent to understand the home's total usable space.
Is the assessed value a reliable indicator of the sale price?
The assessed value is $380k. Notably, a very similar home on the same street (74 Kennington Bay) sold for $387k in late 2021. This suggests the assessed value is a relevant benchmark, but final sale price will depend on current market conditions.
How does the lot size impact potential?
At 4,716 sqft, the lot is around average for the street. It provides standard outdoor space for a home of this era but may not allow for significant expansions without variances, given the home's existing footprint.
Why is the Year Built ranking higher than other features?
Built in 1986, this home is actually newer than many in Winnipeg overall. On its own street, it's above average in age, meaning it's one of the more recently built homes in that specific cluster, which can be an advantage for systems and components.