Property Overview: 82 Satinwood Place, Winnipeg
Key Characteristics & Buyer Profile
This 842 sqft bi-level home, built in 1988, sits on a 3,862 sqft lot in Dakota Crossing. Its key characteristic is its efficient, compact footprint, which is notably smaller than area averages. The home features a renovated basement, adding functional living space. Its appeal lies in its relative affordability and manageable scale, reflected in an assessed value that is modest for the neighborhood. The recent sale history suggests significant market appreciation.
This property would best suit first-time buyers, downsizers, or practical investors seeking an entry point into the Winnipeg market. It’s for those who prioritize financial accessibility and a low-maintenance layout over spaciousness. A thoughtful perspective is that a smaller, well-maintained home on a standard lot offers potential for future expansion or landscaping projects, providing a blank canvas for adding value in a neighborhood of larger homes.
Frequently Asked Questions
1. Is the living space too small?
At 842 sqft, the living area is compact and below the average for both the street and the wider Dakota Crossing area. The renovated basement is a crucial feature that adds functional space, making it suitable for individuals, couples, or small families comfortable with efficient living.
2. How does the assessed value compare?
The home’s assessed value is around average for its immediate street but is below the average for the Dakota Crossing neighborhood. This can indicate a more affordable tax base relative to the area, which is a key financial consideration.
3. What does the sale history tell us?
The home sold for $440,000 in August 2022, a substantial increase from its late-2017 sale price. This indicates strong market appreciation in recent years, which is an important factor for understanding current value and potential.
4. Is the lot size a limitation?
The lot is below the neighborhood average but is a fairly standard size for many city homes. It provides adequate outdoor space for gardening or recreation without the high maintenance of a much larger yard, which can be seen as a benefit.
5. What type of neighborhood is Dakota Crossing?
The provided data shows homes in Dakota Crossing generally have larger living areas and lots than this property. This suggests the home is a more modest offering within a neighborhood of typically larger properties, offering a chance to live in the area at a lower price point.