Property Overview
This 1987 bi-level home at 172 Queensbury Bay in Winnipeg's Dakota Crossing neighborhood presents a practical and affordable entry point into the market. With 976 sqft of living space, it is notably compact compared to area averages, but it features a renovated basement and an attached garage. The lot is a standard size for the area at just over 5,000 sqft. Recent sale and assessment data indicate a value firmly in the entry-level range, making it one of the more accessible homes on its street. Its appeal lies in its relative modernity for the city, recent updates, and its position as a lower-cost option in a well-established neighborhood. This property would best suit first-time buyers, downsizers, or investors seeking a straightforward, manageable property without a premium price tag. A thoughtful perspective for a buyer is to see the smaller living area as an opportunity for low-cost living and minimal upkeep, while the renovated basement adds functional space that the main floor lacks.
Key Questions & Answers
1. Is the living space too small?
At 976 sqft, the home is significantly smaller than the average for both the street and the wider Dakota Crossing area. However, the renovated basement provides additional usable space, making the overall footprint more practical for a small household or a buyer who prioritizes efficient living.
2. How does the assessed value compare to the recent sale price?
The home sold for $43.3k in May 2024, which is very close to its current assessed value of $43.5k. This suggests the sale was aligned with the city's valuation and reflects current market conditions for homes of this type in the area.
3. What does the "Top 8%" ranking for year built mean for this home?
Built in 1987, this home is newer than 92% of the homes on its street. This is a distinct advantage, potentially meaning fewer immediate concerns with aging components like roofing or major systems compared to much older homes in Winnipeg.
4. Is this a good investment for the area?
As one of the more affordable homes on Queensbury Bay, it offers a way to enter a stable neighborhood at a lower price point. The recent renovation of the basement also adds value. Its long-term investment potential would depend on broader market trends and the continued demand for entry-level properties.
5. Who are the most likely neighbors or competing buyers?
Given its size and price, competing buyers will likely be first-time purchasers or investors. The nearby similar-valued properties are scattered across different neighborhoods like Elmhurst and Varsity View, indicating this price point is common for compact, no-frills homes in various established parts of the city.