3 Quantrell Bay

Property Summary: 3 Quantrell Bay, Dakota Crossing, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Dakota Crossing offers a practical and modern living space. Built in 2004, it is notably newer than most homes in Winnipeg, which often translates to fewer immediate maintenance concerns and more contemporary building standards. With 1,540 sqft of living space and a renovated basement, it provides ample room for a family or those who appreciate single-level living with extra finished space. The attached garage and a standard-sized lot round out the key features.

The primary appeal lies in its balance and positioning. While the home sits around the average for its immediate street and neighborhood in terms of size and value, it stands out as above-average when viewed city-wide, particularly in assessed value and year built. This suggests a solid, mid-range property in a stable area that holds its worth well against the broader market. It would suit first-time buyers or downsizers looking for a modern, low-maintenance home without being at the premium end of the market, as well as pragmatic investors seeking a property with reliable fundamentals in a mature neighborhood.

A less obvious perspective is that its "average" standing on the street could be a strength, indicating consistency and reducing the risk of over-improvement for the area. The 2017 sale price, significantly lower than the current assessed value, also hints at substantial equity growth for the seller, which may interest buyers looking for areas with a history of steady appreciation.

Section 2: Frequently Asked Questions

1. How does this home truly compare to others in the area?
The data shows it is very typical for Quantrell Bay and Dakota Crossing in terms of living space, lot size, and value. Its standout feature is its age—it's among the newest homes on the street, which is a relative advantage in a city with many older homes.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the finish quality, permits, and whether it includes a bathroom or legal secondary suite potential.

3. Is the assessed value a reliable indicator of the expected sale price?
The assessed value is for municipal tax purposes. While it provides a benchmark, sale prices are determined by the market. Its assessed value ranks highly city-wide, suggesting a strong tax valuation base, but a current market appraisal would be needed for pricing.

4. The home sold in 2017 for $41,400. Why is the assessed value now $51,40k?
The 2017 sale price appears to be an outlier and may reflect a unique circumstance (e.g., a non-arms-length transaction). The consistent, higher assessed value aligns more closely with area averages and likely reflects its true market value for taxation.

5. Who would this property not suit?
It may not suit buyers seeking a premium, standout property on its street, as it ranks in the middle for most metrics locally. It also may not suit those wanting a very large lot or a brand-new build, as the lot is standard and the home is now 20 years old.