Property Overview: 23 Hollingbury Place, Winnipeg
Key Characteristics & Buyer Profile
This two-storey home in Dakota Crossing presents a compelling blend of space, modern updates, and established neighbourhood character. Its key appeal lies in its generous proportions, both in the 2,124 sqft living area and the 8,594 sqft lot, which rank well above average for the area and city. The home benefits from a renovated basement and an attached garage. Built in 1997, it is newer than most Winnipeg homes, offering a balance of contemporary layout and settled maturity without the concerns of an aging structure.
The property suits buyers looking for a spacious family home that doesn’t require a full renovation. Its above-average metrics suggest a solid investment in a desirable pocket of Dakota Crossing, appealing to those who value room to grow, both indoors and outdoors. A thoughtful perspective is that while the assessed value is strong for the city, it is closer to the median on its own street, indicating the home is positioned within a consistently valuable enclave rather than being an outlier. This can be seen as a mark of stability.
Frequently Asked Questions
1. How does the recent sale price compare to the assessed value?
The home sold for $620,000 in November 2024, which is significantly higher than its $57,300 assessed value. It’s important to remember that municipal assessed value for property tax purposes is not a market valuation and often lags behind current market sale prices.
2. What does the "above average" ranking for living area actually mean?
The home’s living space is in the top 8% for the Dakota Crossing area and citywide. This means it offers more interior square footage than approximately 92% of comparable homes in these broader markets, a key marker of its spaciousness.
3. Is the neighbourhood well-established?
Yes. The home was built in 1997, and the provided comparable at 124 Barlow Crescent was built in 1992, indicating Dakota Crossing is a mature, developed neighbourhood from that era, with established landscaping and community amenities.
4. Has the property increased in value?
Based on the data, the home sold for $420,000 in April 2017 and $620,000 in November 2024. This indicates substantial appreciation over that seven-year period, though past performance is not a guarantee of future results.
5. How does the lot size compare to a typical city lot?
The lot of 8,594 sqft is in the top 9% citywide, meaning it is larger than over 90% of comparable residential lots in Winnipeg. This offers significant outdoor space relative to most urban properties.