Property Overview
This 1,462 sqft cabover-style home, built in 1997, sits on a notably generous 7,521 sqft lot in Dakota Crossing. Its key feature is a renovated basement, complementing the attached garage. The home presents a compelling mix: its living space is average for the area, but the lot size is among the largest on the street. With an assessed value of $450,000, it is positioned above average city-wide but is more modestly valued within its immediate neighborhood, having last sold for $400,000 in August 2021.
Key Characteristics & Appeal
The primary appeal of this property lies in its land. The lot is exceptionally large for the street (ranking in the top 5%), offering significant outdoor space and potential for gardens, play areas, or expansions—a rarity in newer subdivisions. The renovated basement adds immediate functional living space. Its assessed value suggests it is a substantial property by Winnipeg standards, yet it appears to be a relative value within Dakota Crossing itself, potentially offering more house and land for the money compared to nearby peers. This combination suits buyers looking for a family-friendly neighborhood with room to grow outdoors, as well as value-oriented purchasers who see potential in a home that may be underpriced relative to its lot size and city-wide standing.
Frequently Asked Questions
1. How does the assessed value compare to the likely asking or market price?
The assessed value is $450,000, which is above the city average. However, it last sold for $400,000 in 2021. Market conditions and updates since then will determine the final listing price, but the assessment provides a strong baseline for municipal valuation.
2. What does "cabover" building type mean?
A cabover design typically features a prominent front-facing garage with living space built directly above it. This is a common and efficient architectural style in many Winnipeg neighborhoods from the 1990s onward.
3. Is the large lot a benefit for future expansion?
The lot size is a significant asset. While subject to local zoning and permitting, the ample land does provide more flexibility for potential additions, decks, or landscaping projects than most neighboring properties.
4. How does this home rank for size and value in its area?
The living area is average for Dakota Crossing. Interestingly, its assessed value ranks below average on its own street but above average city-wide, suggesting it occupies a unique position—offering a large lot and solid square footage at a value-oriented point within a desirable local market.
5. What is the significance of the renovated basement?
A renovated basement adds immediate finished living space, such as for a family room, home office, or additional bedrooms, without the need for a major project. It’s a key functional upgrade that enhances the home’s livable square footage.