147 Goldthorpe Crescent

Property Overview: 147 Goldthorpe Crescent, Winnipeg

Section 1: Key Characteristics & Appeal

This bi-level home at 147 Goldthorpe Crescent in Dakota Crossing presents a practical and affordable entry point into the Winnipeg market. Its key characteristics include a renovated basement, 870 sqft of living space, and a manageable 4,835 sqft lot. Built in 1988, it is newer than many city-wide comparables. The home’s assessed value is notably modest, positioning it well below average for its immediate neighborhood and street, but closer to the city-wide median. This creates a value proposition where you’re acquiring a home with recent updates in a stable area for a relatively lower property tax base.

The primary appeal lies in its affordability and efficiency. It suits first-time homebuyers, downsizers, or investors seeking a straightforward, lower-maintenance property. The renovated basement adds functional living space, appealing to those who need a home office, guest area, or recreational room without a large footprint. A thoughtful perspective is that its "below average" size and assessment on its street could be an advantage for the right buyer—offering a chance to live in the area without the premium price tag of its larger neighbors, potentially allowing for future equity growth through simple updates.

Section 2: Frequently Asked Questions

1. Is the house significantly smaller than others in the area?
Yes. At 870 sqft, the living area is below the average for both Goldthorpe Crescent (1,086 sqft) and the wider Dakota Crossing area (1,483 sqft). This contributes to its accessible price point.

2. Why is the assessed value so much lower than the recent sale price?
The home sold for $390,000 in April 2023, while its assessed value is $36,500. In Manitoba, property assessments for tax purposes are based on a specific valuation method and are typically much lower than market sale prices. The key figure for buyers is the sale price, while the assessment influences annual property taxes.

3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the permits, finish quality, and whether it includes a separate entrance, bathroom, or kitchenette to fully understand its value and functionality.

4. How does the lack of a garage affect daily living?
The property has no garage. Buyers should consider on-street parking availability, the feasibility of adding a shed for storage, and the impact of Winnipeg winters on vehicle use without sheltered parking.

5. The home is newer than many in Winnipeg, but what might need attention?
While built in 1988 (newer than the 1966 city-wide average), a home of this age may still require updates to major systems. It would be prudent to have inspections focused on the roof, windows, HVAC, and plumbing to plan for any upcoming maintenance.