Property Overview: 192 Goldthorpe Crescent, Winnipeg
Key Characteristics & Appeal
This 1988 bi-level home at 192 Goldthorpe Crescent in Dakota Crossing presents a compact, efficient living space of 737 sqft, with a renovated basement. Its key characteristic is its position as a modest, entry-level property. The home sits on a roughly average-sized lot of just over 5,000 sqft for the area. While its living space is notably smaller than many area comparables, this is reflected in its assessed value, which sits well below the neighbourhood average but closer to the city-wide median. The home last sold in early 2023.
Its primary appeal lies in affordability and manageability. It represents a clear opportunity for first-time buyers or investors seeking a lower-cost entry into the Winnipeg market. The renovated basement adds functional living space, and the property’s age is relatively newer compared to many city-wide homes. It would suit buyers comfortable with a smaller footprint, those looking to minimize maintenance and utility costs, or an investor seeking a straightforward rental property. A thoughtful perspective is that a home of this size and value in a stable neighbourhood can offer financial flexibility, allowing owners to build equity without being house-poor.
Frequently Asked Questions
1. Is this a small house?
Yes. With 737 sqft of living area, it is significantly smaller than the average home in both the immediate street and the wider Dakota Crossing neighbourhood. It is a compact, efficient layout.
2. Why is the assessed value so much lower than the city-wide average sale price mentioned?
The city-wide average sale price comparison includes all home types and sizes. This home’s assessed value (~$36k-$40k) is aligned with its specific characteristics—namely its smaller square footage. The data shows its value is around the city-wide median when compared to truly similar properties.
3. What does "renovated basement" mean for a bi-level?
In a bi-level, the basement is typically a walk-out or partially above-grade living space. A renovation here likely means it’s finished as a functional living area, effectively increasing the usable space beyond the main floor square footage.
4. How does the 2023 sale price relate to the current assessed value?
The home sold for $31.5k in January 2023. The current assessed value is slightly higher, which may reflect standard annual assessment adjustments or minor market changes. It’s a recent data point that anchors the home’s value in a real transaction.
5. Is the lot size a positive feature?
The lot is fairly typical for the area. At approximately 5,065 sqft, it is neither unusually large nor small. It provides standard outdoor space for a home of this type without being a burden to maintain.