Property Overview
36 Queensbury Bay is a compact, one-storey home in Winnipeg's Dakota Crossing neighbourhood. Its primary appeal lies in being an accessible entry point into the housing market, offering a renovated basement and a manageable lot. The home is notably smaller than most in its immediate area, ranking in the bottom 10% for living space on its street. However, its assessed value is proportionally low, presenting a lower barrier to entry. It would best suit first-time buyers, downsizers, or investors seeking a straightforward, low-maintenance property. A thoughtful perspective is that while the house itself is modest, it sits on a newer-than-average citywide build year (1987) for its street, suggesting the structure may have fewer inherent age-related issues than many Winnipeg homes.
Key Details & Suitability
- Key Characteristics: This 884 sqft bungalow was built in 1987 and sits on a 4,810 sqft lot. It features a renovated basement but has no garage or pool. Its living area is significantly below the average for both its street and neighbourhood.
- Primary Appeal: The core appeal is financial accessibility. With an assessed value significantly below the averages for its immediate area and a recent (2021) sale price of $37,500, it represents one of the most affordable options in Dakota Crossing. The renovated basement adds functional living space.
- Ideal Buyer Profile: This property is a practical match for budget-conscious first-time buyers ready for a project-light starter home, seniors looking to downsize without leaving the area, or investors considering a rental property with a lower initial investment.
Frequently Asked Questions
1. Is the price too good to be true?
The price reflects the home's smaller-than-average size for the area. It's not uncommon for compact, no-garage bungalows in established neighbourhoods to be valued this way, focusing on land and location over square footage.
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 permits, quality of finishes, ceiling height, and whether it includes a separate entrance or legal suite potential.
3. Why is the assessed value so much lower than the citywide average?
While the assessed value is low for Dakota Crossing, it's near the middle of the pack citywide. This highlights that values in this specific neighbourhood are generally higher, making this an outlier in terms of affordability there.
4. What are the implications of having no garage?
This means all parking will be on the driveway or street. Buyers should consider Winnipeg winters for vehicle clearing and storage needs. The lot size is average for the neighbourhood, so adding a garage in the future may be possible, subject to bylaws.
5. How does the 1987 build year compare?
On Queensbury Bay, this home is newer than most. Citywide, it's also above average. This is a positive, suggesting potentially newer roofing, wiring, and plumbing compared to many Winnipeg homes, which could mean fewer major repairs in the near term.