Property Overview: 28 Abbotsfield Drive, Winnipeg
Key Characteristics & Appeal
This well-maintained, one-storey home in Dakota Crossing offers a practical and comfortable living space. Built in 1995, it features 1,467 sqft of living area, an attached garage, and a renovated basement, situated on a standard 4,684 sqft lot. Its core appeal lies in its solid, move-in-ready foundation within a mature neighbourhood.
The home’s standout feature is its strong assessed value of $510,000, which ranks in the top 18% of similar homes on its street and citywide. This suggests a property that has been well-cared-for and is viewed favorably in terms of quality and condition relative to its peers. While the living space is average for the area, the renovated basement adds valuable finished space. The recent sale history shows steady appreciation, indicating a stable investment.
This property would suit first-time buyers or downsizers seeking a manageable single-level layout without major projects, as well as value-conscious buyers who appreciate a home with above-average official valuation in a settled community. It’s a home that offers more in perceived quality and condition than in sheer size or lot premium.
Frequently Asked Questions
1. What does the above-average assessed value actually mean?
It indicates that the municipal assessment of the property’s worth is higher than most comparable homes. This often reflects recent updates, good condition, or desirable traits, but it’s not a direct market price. It can, however, signal a well-maintained asset.
2. Is the renovated basement a legal suite?
The listing specifies a renovated basement but does not state it is a legal secondary suite. Buyers should verify the permits and compliance of the renovations with the city to understand its legal use and any potential for rental income.
3. How does the lot size impact future plans?
At just under 4,700 sqft, the lot is slightly smaller than the area average. This is typical for the street but may limit extensive additions or pool installation. It does, however, mean less exterior maintenance.
4. The home sold recently in late 2023. Why is it back on the market?
This is a key question for your real estate agent to investigate. While not uncommon, understanding the short ownership period can provide context about the property or neighbourhood.
5. How does this home rank for "newness" in Winnipeg?
Built in 1995, it’s newer than about 80% of all homes in Winnipeg, ranking in the top 20% citywide. This is a less obvious advantage, suggesting potentially fewer major system replacements (like roof or furnace) compared to much of the city’s older housing stock.