Property Overview
This 1986 bi-level home at 698 Novavista Drive in Winnipeg's Dakota Crossing neighbourhood presents a practical and value-oriented opportunity. With 909 sqft of living space and a renovated basement, it sits on a 3,895 sqft lot. The home recently sold in September 2024 for $37,500.
Key Characteristics & Appeal
The primary appeal of this property lies in its strong value proposition within its immediate locale. While its living space is modest compared to broader city and neighbourhood averages, it ranks above average for its assessed value, land size, and year built on its own street. This suggests it represents a relatively newer and more substantial property on Novavista Drive. The renovated basement adds functional living space. Its recent sale price indicates it is positioned as an accessible entry point into the market.
This home would best suit first-time buyers or practical downsizers seeking a manageable footprint without a major renovation project. It also appeals to value-focused investors or buyers who prioritize a larger lot size for the price point, offering potential for outdoor space or future expansion relative to other homes on the street.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 909 sqft, the living area is slightly below the average for the Dakota Crossing neighbourhood but is closer to the average for other homes on Novavista Drive itself.
2. What does the "renovated basement" include?
The listing confirms a renovated basement but does not specify the scope. A buyer should inquire about the finishes, permits, and whether it includes added bedrooms or simply finished living space.
3. Is the lack of a garage a significant concern?
The property has no garage. For some buyers, this is a trade-off for the lower price point. The lot size may allow for the addition of a parking pad or future garage, subject to local bylaws.
4. How has the property's value changed over time?
It sold for $27,100 in September 2017 and $37,500 in September 2024. This represents a notable increase over seven years, reflecting broader market trends.
5. Are the property taxes likely to be high?
With an assessed value of $37,100, which is below the neighbourhood average, the municipal tax burden is likely to be proportionally lower than for many homes in Dakota Crossing.