Property Overview: 62 Lambeth Road, Dakota Crossing, Winnipeg
Key Characteristics & Buyer Appeal
This 1990-built bi-level home at 62 Lambeth Road presents a practical and updated living space in Winnipeg's Dakota Crossing neighborhood. Its key features include a renovated basement, an attached garage, and approximately 1,001 sqft of living area. The lot size of 4,415 sqft is notably above average for the immediate street, offering more usable outdoor space than many neighboring properties.
The appeal lies in its position as a solid, move-in ready home within its local context. The renovated basement adds functional living space, a valuable upgrade for a home of this era. While the living space is modest compared to broader city averages, it is competitive for the specific street and area, suggesting a more affordable entry point into a well-established neighborhood. The home’s assessed value is consistently around average across all comparison levels, indicating a stable and fair market perception.
This property would best suit first-time homebuyers, downsizers, or practical investors seeking a low-maintenance home with recent updates. It’s for those who prioritize a functional layout and a decent-sized yard over expansive square footage, and who appreciate a home that holds its own in the immediate community without premium pricing.
Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 1,001 sqft, it is slightly below the average for the wider Dakota Crossing area but is very close to the average size for homes directly on Lambeth Road itself.
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 finish quality, permits, and the nature of the renovation (e.g., recreational room, additional bedroom, etc.).
3. Is the assessed value a good indicator of the likely sale price?
The assessed value is $39,200, but the home last sold for $310,000 in 2019. In Winnipeg, assessed value for taxation purposes is typically much lower than market value. The sale history and current market conditions are far more relevant for pricing.
4. What is the significance of the lot size being "above average" for the street?
With a 4,415 sqft lot ranking 6th largest out of 23 on the street, this property offers more outdoor space than most of its direct neighbors. This is a distinct advantage for gardening, play areas, or future outdoor living features.
5. The home was built in 1990. What should I be aware of?
Homes from this era are generally modern but may be due for updates to original components like windows, roofing, or major appliances. A thorough inspection is recommended to assess the condition of these 30+ year-old elements.