Property Overview: 324 Novavista Drive, Winnipeg
Key Characteristics & Appeal
This 890 sqft, one-storey home on a 3,398 sqft lot presents a practical and affordable entry point into Winnipeg’s Dakota Crossing neighbourhood. Built in 1984, its key appeal lies in its renovated basement, which adds functional living space, and its position as a value-conscious option. The home’s assessed value is notably below average for the immediate area, suggesting a potentially lower property tax burden relative to nearby homes.
Its appeal is grounded in simplicity and efficiency. It suits first-time buyers seeking a manageable footprint without a major renovation project, or investors looking for a straightforward rental property. A less obvious perspective is its potential for those wanting to minimize their environmental footprint or maintenance time, as a smaller home typically requires less energy and upkeep. While the lot size is modest for the city, it is around average for Novavista Drive itself, offering a balanced outdoor space without being overwhelming. The lack of a garage may be a consideration, but it aligns with the home’s overall lean and affordable profile.
Frequently Asked Questions
1. How does the home’s size compare to others in the area?
At 890 sqft, the living area is slightly below the average for homes on Novavista Drive itself (~968 sqft) and is more compact compared to the broader Dakota Crossing area and city-wide averages.
2. What is the significance of the assessed value being in the top 100% for Dakota Crossing?
A “Top 100%” ranking means this home has one of the lowest assessed values in the entire Dakota Crossing area. This typically correlates with lower municipal property taxes, which is a key financial advantage.
3. When was it last sold, and for how much?
The property was last sold in July 2016 for $24,500. This historical price provides context for its current assessed value of $30,300 and any future listing price.
4. Is the lot size a limitation?
The 3,398 sqft lot is below the city average but is actually around average for lots on Novavista Drive. It provides adequate private outdoor space for a home of this size without the extensive maintenance of a larger yard.
5. What does the “renovated basement” include?
The details of the renovation are not specified in the provided data. A prospective buyer should inquire about the scope of work, permits, and the current layout and finish of the basement to understand the added living space fully.