Property Overview: 2 Clerkenwell Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-maintained, one-storey home in the Dakota Crossing neighbourhood, built in 1989. With 1,440 sqft of living space, a renovated basement, and an attached garage, it offers practical, single-level living on a generous 5,491 sqft lot. The home’s assessed value of $520k positions it as a solid, above-average offering citywide, suggesting good inherent value relative to the broader Winnipeg market.
Its primary appeal lies in its established neighbourhood setting and its balanced profile. While the living space is modest compared to some immediate neighbours, the property doesn’t have significant outliers—it performs consistently "around average" to "above average" across key metrics for its area. This makes it a predictable and stable choice. The renovated basement adds functional space, a valuable asset in a bungalow. It would suit buyers looking for a move-in ready home without the premium of a new build, such as downsizers seeking manageable space, small families, or value-focused purchasers who appreciate a larger lot in a mature community.
A thoughtful perspective: this home represents the "reliable middle" of its market segment. It may not lead in square footage, but its balanced assessment and updated basement indicate a property that has been cared for, potentially offering a comfortable home without the volatility or premium of more extreme comparables.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,440 sqft, the living area is below the current average for homes on Clerkenwell Bay itself but is very close to the average for both the wider Dakota Crossing area and the city of Winnipeg as a whole.
2. What does the assessed value tell us?
The $520k assessment is above the city-wide average for comparable homes. In its immediate neighbourhood and street, it sits firmly around the average, indicating its value is consistent with the local market.
3. Is the lot size typical for the area?
Yes. The 5,491 sqft lot is very close to the city-wide average and is a typical size for Dakota Crossing, though slightly smaller than the current average on its specific street.
4. What is the significance of the home’s age?
Built in 1989, this home is newer than the median for Winnipeg. On its street, it’s actually one of the newer homes, which can be an advantage in terms of modern construction standards and potentially fewer major component replacements in the near term.
5. How does the last sale price from 2016 relate to today’s value?
The home sold for $386,000 in 2016. The increase to its current $520k assessment reflects market appreciation over eight years and likely the value added by renovations, such as the updated basement. It provides a benchmark for how the property’s market value has evolved.