331 Abbotsfield Drive

Property Overview: 331 Abbotsfield Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated home in Dakota Crossing presents a compelling blend of space, modernity, and established value. Built in 2004, it is notably newer than most homes in its immediate area and across Winnipeg, suggesting updated building standards and potentially lower maintenance needs in the near term. With 1,661 sqft of living space, it offers above-average roominess for the neighborhood and city. A key feature is the renovated basement, adding functional living area.

The primary appeal lies in its strong standing relative to peers. Its assessed value places it in the top tier for the street and above average for the wider area, indicating a property that has held or increased its value well. It sits on a standard-sized lot (4,880 sqft) with an attached garage, fitting neatly into the community’s profile.

This property would suit buyers looking for a move-in-ready home in a mature neighborhood without the uncertainties of an older build. It’s ideal for those who value space and a modern foundation, perhaps young families or professionals seeking a balance between community establishment and contemporary comforts. A thoughtful perspective is that its elite assessment ranking on the street could signal a “best-in-class” property for the block, which often appeals to value-conscious buyers who see it as a safer investment within its specific market segment.

Section 2: Frequently Asked Questions

1. What does the "Elite" or "Top 3%" assessed value ranking mean for this street?
It means this home’s municipal assessed value is among the very highest on Abbotsfield Drive. This typically reflects a combination of its larger size, newer construction, and renovations compared to its immediate neighbors.

2. How significant is the 2004 build year in this context?
Very significant. It is the newest home on its street (ranked #1 of 115) and is 7 years newer than the average for Dakota Crossing. This suggests major structural components (roof, windows, HVAC) are likely in better condition than those in many comparable area homes.

3. Is the living space considered large?
Yes. At 1,661 sqft, it is above average for the city, the Dakota Crossing area, and notably for its own street, where it ranks in the top 16%. The renovated basement contributes to this functional space.

4. How does the lot size compare?
The lot is 4,880 sqft, which is around average for the street and the neighborhood. It provides standard outdoor space for the area but is not considered oversized.

5. The home sold in 2016; what can that past sale tell us?
The 2016 sale price of $426,000 provides a historical benchmark. The current assessed value of $553,000 reflects municipal valuation for tax purposes, not market price, but the increase between the two figures indicates a trend of rising value over that period.