31 Hyatt Place

Property Overview

This two-storey home at 31 Hyatt Place in Dakota Crossing presents a specific and practical value proposition. Its key appeal lies in offering above-average interior space for its immediate area within a well-maintained, 1984-built structure. At 1,220 sqft, the living area ranks in the top 9% compared to other homes on Hyatt Place, suggesting it is one of the larger floor plans available on the street. The basement has been renovated, adding functional space. However, the property sits on a below-average lot size for both the neighbourhood and the city, and it does not include a garage.

The home would suit a first-time buyer or a practical downsizer who prioritizes interior living space over a large yard or garage. Its assessed value is notably below the neighbourhood average, which could indicate a more accessible entry point into the Dakota Crossing area. A thoughtful buyer might see potential here: the renovated basement and efficient use of a smaller lot translate to less exterior maintenance, while the home's age and solid ranking among its street peers suggest it has been a durable, lasting property in a stable setting.

Frequently Asked Questions

Q: How does the living space compare to the area?
A: Very favourably on its own street. The home's 1,220 sqft of living area is larger than 91% of comparable homes on Hyatt Place, making it a spacious option in its immediate context.

Q: Why is the assessed value so much lower than the neighbourhood average?
A: The assessed value of $34,400 is below average for Dakota Crossing. This is likely due to a combination of the home's smaller lot size, lack of a garage, and the fact that it is among the older homes in the neighbourhood, having been built in 1984.

Q: What does the "Top 3%" ranking for Year Built mean?
A: On Hyatt Place, this home is one of the oldest, built in 1984. The "Elite" ranking indicates it is in the oldest 3% on the street, meaning most neighbouring houses were built later. This isn't inherently negative, but it confirms the home is part of the original build phase for the area.

Q: Is there a garage or potential to build one?
A: The listing specifies there is no garage. Given the lot size is below average for the area (3,270 sqft), adding a garage could be challenging and would consume a significant portion of the outdoor space.

Q: The home sold in February 2023. What does that sale price indicate?
A: It sold for $33,100, which was close to its assessed value at the time. This recent sale provides a concrete, modern benchmark for its market value, showing it transacted as a lower-priced option in the area.