Property Overview & Key Characteristics
This bi-level home at 22 Sloane Crescent in Winnipeg's Dakota Crossing neighbourhood presents a practical and value-oriented opportunity. Built in 1988, its key appeal lies in its balance of a renovated basement, an attached garage, and a lot size that is consistent for the area. The home’s assessed value is notably strong, ranking above average both on its street and citywide, suggesting it is viewed favorably relative to its tax contribution. However, its living space is more compact compared to immediate neighbours, placing it in the top 90% (meaning 90% of homes on the street are larger). This creates an interesting dynamic: you may be acquiring a property with solid municipal valuation, but with interior space that is modest for the specific crescent.
The property would suit first-time buyers or downsizers looking for manageable upkeep with the benefit of recent basement updates. It’s also a candidate for value-focused buyers who prioritize lot size and garage amenities over expansive square footage, and who are comfortable with a home whose scale is more intimate than others on the block.
Frequently Asked Questions
1. How does the home’s size compare practically?
While the living area is below the average for Sloane Crescent, it is close to the citywide average. This indicates the home offers a typical amount of space for many Winnipeg neighbourhoods, but feels cozier compared to its immediate, larger neighbours.
2. What does the “above average” assessed value mean for me?
A higher assessed value relative to peers can indicate the property has features or conditions the city deems valuable, but it doesn't directly predict sale price. It’s important to note that the last sale price in 2023 was lower than the current assessed value, so a professional appraisal is recommended.
3. Is the renovated basement a full suite?
The listing notes a renovated basement but does not specify if it is a legal suite with a separate entrance. Buyers should verify the renovation permits and the basement’s intended use with the seller.
4. How does the year built affect potential maintenance?
Built in 1988, the home is in the middle of its expected lifespan for major components. Buyers should pay particular attention to the age and condition of the roof, windows, and major mechanical systems like the furnace, which may be nearing or past typical replacement intervals.
5. Are the recent nearby sales comparable?
The provided nearby sales vary significantly in size and value. For a true comparison, focus on the bi-level style, similar lot size, and the specific sale at 19 Everingham Bay, which is closer in assessed value and living area, rather than the much larger properties listed.