Property Overview
502 Novavista Drive presents a unique profile within its Dakota Crossing neighborhood. This bi-level home, built in 1989, offers 880 sqft of living space with a renovated basement and a detached garage. Its standout feature is a notably large lot of 3,896 sqft, which is well above the average for Novavista Drive itself. While the home's living area is compact, its assessed value is strong for its immediate street, suggesting solid underlying value or recent improvements. The property last sold in September 2023 for $360,000.
Key Characteristics & Appeal
The primary appeal of this home lies in its land value and efficient footprint. It sits on a lot that is significantly larger than most on its street, offering rare potential for outdoor space, gardening, or expansion in a mature neighborhood. The renovated basement adds functional living area, making the compact main floor more manageable. Its above-average assessed value for the street indicates it may be in better condition or have more desirable features than its direct neighbors.
This property would suit first-time buyers seeking an entry point into homeownership with a valuable piece of land, or downsizers looking for a low-maintenance interior without sacrificing yard space. It’s a practical choice for those who prioritize outdoor potential over a large interior and understand that value can be rooted more in the land than the square footage of the house itself.
Frequently Asked Questions
1. Is the house too small at 880 sqft?
While below the neighborhood average, the efficient bi-level layout combined with a renovated basement increases usable living space. It's best suited for individuals, couples, or small families.
2. Why is the assessed value higher than many neighbors'?
The assessment is above average for Novavista Drive, which often reflects factors like the renovated basement, the desirable larger lot size, and overall property condition compared to nearby homes.
3. What can I do with the larger lot?
The nearly 4,000 sqft lot is a key asset. It provides ample room for a spacious deck, patio, garden, or play area—options that are more limited on standard lots in the area.
4. How does the 2023 sale price relate to current value?
The $360,000 sale price from September 2023 provides a recent market benchmark. Current value would be influenced by market trends since that date and the property's condition.
5. What are the considerations with a detached garage?
A detached garage offers flexibility and can reduce noise in the home. However, it requires going outdoors to access, which is a factor to consider during Winnipeg's winter months.