Property Overview
56 Queensbury Bay is a well-situated bi-level home in Winnipeg's Dakota Crossing neighbourhood. Its primary appeal lies in offering a solid entry point into a stable area, presenting a clear value proposition for a specific type of buyer. The home features a renovated basement and a detached garage on a generous, above-average lot for the immediate area.
Key Characteristics & Ideal Buyer
This home is defined by its modest, efficient living space of 870 sqft, which is notably smaller than most homes on its street and in Dakota Crossing. However, it compensates with a land area that is larger than many of its neighbours, offering valuable outdoor space. With a year-built of 1987, it is a relatively newer home on its block. The assessed value is modest for the local area, suggesting a potentially accessible price point.
Its appeal is strongest for pragmatic, value-focused buyers. It would suit a first-time homebuyer or an investor looking for a manageable property in a mature neighbourhood without a premium price tag. The renovated basement adds functional living space, while the larger lot presents opportunities for gardening, expansion, or simply more private outdoor room than is typical nearby. A thoughtful perspective is that this property represents a "land play" in an established area—you're acquiring a desirable location and lot size, with the home itself being a functional starting point.
Frequently Asked Questions
1. Is this a small house?
Yes. At 870 sqft of living area, it is significantly smaller than the average home on Queensbury Bay and in the wider Dakota Crossing area. Efficient use of space and the renovated basement are key.
2. Why is the assessed value so much lower than the city-wide average?
The city-wide average includes all property types and values across Winnipeg. This home's assessment is in line with similar, modest-sized homes in its own neighbourhood and comparable areas, reflecting its specific characteristics and local market.
3. What does the "above average" year built mean for the street?
Most homes on Queensbury Bay were built around 1987 or earlier. This home, built in 1987, is among the newer ones on the block, which can be an advantage for systems like plumbing and electrical compared to much older stock.
4. Who would this property not suit?
It may not suit buyers looking for ample above-ground square footage, modern open-concept layouts, or those who prefer a home that requires no immediate updates, as the main living area is compact.
5. What is the potential here for a buyer?
The potential lies in the combination of a newer-than-street-average home on a larger-than-street-average lot. A buyer could enjoy the renovated basement now and see the lot size as long-term value, whether for personal outdoor use or future expansion.