Property Overview
67 Satinwood Place is a compact, 680 sqft bi-level home in Winnipeg's Dakota Crossing neighborhood. Built in 1988, it features a renovated basement and a detached garage on a 3,149 sqft lot. The home's assessed value is notably low at $35,400, and it last sold in 2017 for $27,200.
Key Characteristics & Buyer Appeal
This property’s primary appeal lies in its affordability and efficiency. With an assessed value significantly below city and area averages, it represents a very accessible entry point into homeownership. The renovated basement adds functional living space to the modest main floor area. Its compact size and smaller lot translate to lower maintenance demands and utility costs, which is a distinct advantage for those seeking simplicity.
The home would best suit first-time buyers, downsizers, or investors looking for a straightforward, low-cost holding. It’s a practical choice for someone whose priority is financial entry into the market over square footage. A less obvious perspective is that its "below average" size and value metrics within its immediate area might actually provide a buffer against higher property taxes and offer a sense of community without the premium price tag of larger homes on the same street.
Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. It primarily reflects the home's smaller size and the broader valuation context of the area. It indicates a correspondingly lower property tax burden, which is a key part of its affordability.
2. What does "below average" for living area mean in practical terms?
The home's 680 sqft of living area is compact. Efficient use of space is essential. The renovated basement is a crucial feature, effectively doubling the usable living area and making the overall layout more functional.
3. Who might this property not suit?
It would likely not suit a growing family needing multiple bedrooms and ample living space, or a buyer who prioritizes a large yard or expects their home to be among the largest in the neighborhood.
4. How does the 2017 sale price relate to today's value?
The 2017 sale price of $27,200 is a historical data point. The current assessed value of $35,400 provides a more recent benchmark, but the actual market value will be determined by current conditions, the home's updated condition, and buyer demand.
5. Are the "top percentile" rankings good or bad?
They are neutral indicators of how this property compares to others. For example, being in the "Top 94%" for living area on its street means 94% of comparable homes on Satinwood Place are larger. This isn't inherently bad—it simply quantifies the home's position as a more compact option in that specific group.