Property Overview
111 Julia Road is a well-maintained, one-storey home in Winnipeg's Dakota Crossing neighborhood. Built in 2004, it is notably newer than most homes in the city. The house features 1,257 sqft of living space, an attached garage, and a renovated basement. Its lot size of 3,927 sqft is modest for the area but is balanced by the home's modern age and updated condition.
The appeal here is in its turn-key readiness and efficient layout, ideal for those seeking minimal upkeep. It particularly suits first-time buyers, downsizers, or investors looking for a modern property without the premium of a brand-new build. A thoughtful perspective is that while the lot is smaller than some neighbors, this translates to less exterior maintenance. Additionally, its "above average" citywide assessed value suggests it's a solid, appreciating asset in the broader Winnipeg market, even if it's more average within its immediate community.
Frequently Asked Questions
1. How does the property's size compare to the neighborhood?
The living area is slightly below average for Julia Road and Dakota Crossing, but very close to the citywide average. It's a comfortable size for a smaller household or those prioritizing efficient use of space over sheer square footage.
2. What does the assessed value tell us?
The assessment is above average compared to the entire city, indicating strong underlying value. However, it's average for Dakota Crossing and below average on its own street, which may suggest room for value growth as the newer home stands out among potentially older neighboring properties.
3. Is the lot size a concern?
The lot is smaller than many in Winnipeg and Dakota Crossing. This means smaller yard maintenance, which is a plus for many, but less private outdoor space. It's a trade-off that aligns with a low-maintenance lifestyle.
4. How significant is the home's age?
Built in 2004, it is among the newest on its street and in the top 15% citywide. This is a major advantage, typically meaning newer major systems (roof, HVAC), modern building materials, and less immediate need for big-ticket renovations.
5. What can the 2017 sale price tell us?
The previous sale price was significantly lower than the current assessed value. This indicates substantial appreciation over seven years, highlighting the property's strong market performance and the added value of the basement renovation.