Property Overview: 2 Sheridan Place, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 2 Sheridan Place in Dakota Crossing presents a practical and value-oriented opportunity. Its key characteristics include a renovated basement, a detached garage, and a notably generous lot size of just over 6,900 sqft—a standout feature that ranks well above average for both the neighbourhood and the city. With 870 sqft of living space, the house itself is compact, positioning it as one of the smaller homes on its street. It was built in 1986 and carries a municipal assessed value that is moderate for the area.
The primary appeal lies in its efficient use of space and its land. The renovated basement adds functional living area, while the large lot offers significant outdoor potential, rare for many urban properties. It suits first-time buyers seeking an affordable entry into homeownership with room to grow outdoors, or practical downsizers who value a manageable interior size without sacrificing yard space. Investors may also see value in its below-average price point for the area and its solid lot size, a long-term asset. A thoughtful perspective is that while the home’s interior size is modest, its above-average citywide ranking for assessed value suggests the property is considered a solid asset within the broader Winnipeg market, with the land likely contributing significantly to that worth.
Section 2: Frequently Asked Questions
1. How does the property’s size compare to others?
At 870 sqft, the living area is below the average for homes on Sheridan Place, in Dakota Crossing, and across Winnipeg. It is a compact, efficiently laid-out bi-level.
2. What is the significance of the lot size?
The lot of 6,901 sqft is a key feature. It ranks above average for both the neighbourhood and the city, offering more outdoor space than many comparable properties—ideal for gardening, recreation, or future expansion.
3. What does the assessed value tell me?
The municipal assessed value of $44,500 is around average for the immediate street and neighbourhood but ranks above average citywide. This indicates the property is viewed as a stable asset within the broader Winnipeg market context.
4. Is the home recently updated?
The listing specifies the basement has been renovated, adding modernized living space. The main house, built in 1986, may benefit from cosmetic updates depending on personal preference.
5. What was the last sale price?
The home last sold in November 2017 for $34,800. This historical data is useful for understanding market trends, but the current value and listing price will be determined by present market conditions.