Property Overview & Key Characteristics
This condominium at 14-150 Creek Bend Road in Dakota Crossing stands out for its exceptional space and modern build. With nearly 2,000 square feet of living area, it ranks in the top 1-2% of comparable homes locally and citywide for size. Built in 2021, it is a contemporary property with a renovated basement. Its appeal lies in offering the spaciousness of a large single-family home within a low-maintenance condo format. The recent sale price of $1M in June 2024 reflects its premium positioning.
This home is ideally suited for buyers who prioritize ample interior space and modern construction but want to avoid the exterior upkeep of a house. It would particularly fit empty-nesters looking to downsize without sacrificing room for family visits, or professionals seeking a turn-key, spacious residence in a well-regarded area.
Frequently Asked Questions
1. What does the "Elite" ranking mean for the assessed value?
The assessed value of $97,200 ranks in the top 1% of similar properties in Dakota Crossing. This indicates the municipal tax assessment is exceptionally high for a condo, which often correlates with a higher market value and premium property features, though property taxes will be based on this figure.
2. How can the sale price be $1M when the assessed value is much lower?
In Manitoba, municipal property assessments for tax purposes are not intended to reflect current market value and are often calculated differently. The recent sale price is the true indicator of its market value, which is significantly influenced by its large square footage, newness, and specific location.
3. Are the nearby properties at the same address similar?
The listing shows several other units at 150 Creek Bend Road (e.g., 16-150, 1-150). This suggests the property is part of a townhouse or condo complex, offering a community setting. The proximity of similar units can provide neighborhood consistency.
4. What are the potential benefits of a high assessed value?
While it typically means higher property taxes, a consistently high assessment relative to peers can reinforce the property's premium status and may support its valuation in the market, which can be advantageous for future equity.
5. Does the "renovated basement" mean the unit is multi-level?
Given the description and the substantial square footage, it is very likely a multi-level townhouse-style condo, with the renovated basement adding significant finished living space to the overall layout.