Property Summary: 162 Abbotsfield Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained one-storey home in Dakota Crossing offers a practical, move-in-ready layout with a renovated basement. Its key appeal lies in its balance of modern updates and established neighborhood charm. At 1,217 sqft, the living space is efficient and manageable, particularly suited for those looking to downsize, first-time buyers, or anyone seeking single-level living without a sprawling footprint. The attached garage and a land size that is typical for the area add to the convenience.
The home’s assessed value of $490k presents an interesting perspective: while it is around the average for its immediate street and neighborhood, it ranks above average city-wide. This suggests you are getting a property that holds solid value in the broader Winnipeg market. Built in 1997, the home is newer than most in the city, potentially meaning fewer major age-related concerns compared to older stock. The recent sale history shows significant appreciation between 2020 and 2022, indicating a strong value trajectory in recent years. This property would best suit buyers looking for a low-maintenance home in a mature area, who prioritize updated interiors and stable city-wide value over having the largest lot or square footage on the block.
Section 2: Frequently Asked Questions
1. How does the property’s size compare to the neighborhood?
The living area is somewhat cozier than the average home on Abbotsfield Drive and in Dakota Crossing, but is very close to the city-wide average. It’s an efficient layout ideal for simpler living.
2. What does the assessed value tell me about this home?
Its assessment is typical for this specific street and neighborhood. However, it sits in the top 21% city-wide, meaning it holds stronger comparative value across all of Winnipeg than it does just within its immediate area.
3. Has the property value increased?
Yes. It sold for $385k in August 2020 and then for $525k in August 2022. This notable increase aligns with broader market trends during that period.
4. Is the lot size a drawback?
The lot is smaller than most on its street but is average for the wider Dakota Crossing area. It provides a manageable yard space without excessive maintenance.
5. What are the benefits of the 1997 build year?
Constructed in 1997, the home is significantly newer than the Winnipeg city average (1966). This can translate to more modern building materials, electrical systems, and layouts, potentially reducing the need for near-term major updates.