Property Overview: 55 Kennington Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained one-storey home in Dakota Crossing offers practical, single-level living in a mature neighbourhood. Built in 1986, its key features include a renovated basement and an attached garage. With 1,095 sqft of living space, it sits comfortably within the average range for similar homes in Winnipeg.
The appeal of this property lies in its balance and established context. While its living space is modest, it sits on a lot that is notably larger than many on its own street, offering above-average outdoor space for the immediate area. Its assessed value is strong compared to direct neighbours, ranking in the top 10% on Kennington Bay, which suggests it is well-maintained relative to its peer group. This creates a value proposition: a home that holds its own on a desirable street, with room to breathe.
It would suit first-time buyers or downsizers seeking a manageable, low-maintenance layout without sacrificing yard size. It’s also a sensible fit for a pragmatic buyer who values a renovated basement and the stability of an older, established community over brand-new construction.
Section 2: Frequently Asked Questions
1. How does this home compare to others in the area?
The data shows a positive story on its own street. While the home’s size is typical for Kennington Bay, its assessed value is in the top 10% of the 73 comparable properties, and it has a larger-than-average lot for the street. This indicates it is likely in good condition relative to its closest neighbours.
2. Is the assessed value a reliable indicator of the sale price?
Not directly. The assessed value ( $42,500 ) is for municipal tax purposes. A nearby, very similar home at 74 Kennington Bay last sold for $330,000 in 2020, which is a more relevant market benchmark, though prices have shifted since then.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A key question for a buyer would be to determine the finish quality, the presence of proper permits, and whether it includes a secondary bedroom or legal suite potential.
4. What are the less obvious considerations for a home from 1986?
While the structure is mature, the major systems (roof, windows, furnace, plumbing) are likely at or beyond their typical lifespan. A thorough inspection is crucial to budget for upcoming updates, which is common for homes of this era.
5. How does the neighbourhood ranking affect value?
The home ranks "below average" for size and value within the wider Dakota Crossing area. This isn’t necessarily negative; it often means the neighbourhood has a mix of larger, newer, or more premium homes, which can lift overall area desirability while this property represents a more entry-point option within it.