Property Overview
This 1988 bi-level home at 75 Greenford Avenue in Dakota Crossing presents a specific and practical value proposition. Its key appeal lies in its balance of a recently renovated basement and a very manageable size, set on a standard residential lot. At 870 sqft, the living space is compact, ranking below average for both the street and neighbourhood, which suggests it is best suited for individuals, couples, or small families who prioritize low maintenance and efficient living over ample square footage. A standout feature is the home’s assessed value of $39,500, which is notably above average for Greenford Avenue itself, indicating it may be viewed as a relatively strong asset on its immediate street. The renovated basement adds functional living space and modern appeal. This property would suit first-time buyers, downsizers, or investors looking for an affordable entry into the Winnipeg market with some modern updates already in place. It’s a home for those who see the value in a solid foundation and a renovated space, even if the overall footprint is modest.
Frequently Asked Questions
1. Is this a small house?
Yes. At 870 sqft of living area, it is smaller than most homes on its street, in Dakota Crossing, and across Winnipeg. This makes it efficient and low-maintenance, but those needing multiple bedrooms or spacious common areas should take note.
2. Why is the assessed value so much lower than the last sale price?
The home sold for $300,000 in 2017. In Manitoba, the assessed value for property tax purposes is not intended to reflect market value and is typically significantly lower. The key metric here is that its assessment is above average compared to its direct neighbours on Greenford Avenue.
3. What does "renovated basement" mean?
The listing confirms the basement has been renovated, but the specific scope, quality, and permits should be verified by a buyer's inspection. It likely adds crucial finished living space to the home's compact main floor.
4. What are the implications of having no garage?
Parking will be limited to driveway and street. This is a common feature for many homes of this era and price point, but buyers should consider vehicle storage, winter weather, and personal convenience.
5. How does the lot size affect the property?
The land area of 4,403 sqft is fairly standard for the area, though slightly below the street average. It provides a typical backyard space for a home of this type but is not an exceptionally large lot.