Property Overview: 2 Southglen Boulevard, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 2 Southglen Boulevard in Dakota Crossing presents a distinct profile defined by a valuable trade-off. Its key characteristic is an expansive 7,350 sqft lot, which ranks in the top 2% for size on its street and the top 14% citywide. This offers significant outdoor space and potential not found in many modern subdivisions. The living area (876 sqft) is modest and below average for the neighborhood, but the home benefits from a renovated basement, adding functional space. With an assessed value of $400k, it sits around the average mark for the city, suggesting the price reflects the substantial land value more than the home's size.
The appeal lies in this very balance: it’s an opportunity to own a large, private yard in a mature area without the premium price tag of a fully updated, large-footprint home. It would suit a practical buyer who prioritizes outdoor space for gardening, recreation, or future expansion over immediate move-in luxury. It’s also a potential fit for those comfortable with a home where the value is anchored in the land itself, viewing the existing structure as a comfortable starting point with room to personalize over time.
Section 2: Frequently Asked Questions
1. Is the house too small for a family?
While the above-ground living space is compact, the renovated basement effectively doubles the functional area. Families who value large outdoor play space over expansive indoor square footage may find the trade-off worthwhile.
2. Why is the assessed value average when the lot is so large?
Municipal assessments consider both land and building value. Here, the high land value is balanced by the modest size and age of the dwelling itself, resulting in a middle-of-the-road total assessment.
3. What does the "Elite" ranking for land area actually mean?
On Southglen Boulevard, this property has the largest lot (rank 1 of 43). In the broader Dakota Crossing area, it's still in the top 9%. This is the home's standout feature.
4. The home was last sold in 2020. What should I consider?
The 2020 sale price provides a historical benchmark, but market conditions have likely changed. The renovation to the basement was likely completed by the current owners, adding value since that last sale.
5. What are the less obvious pros and cons of a large lot?
A major pro is privacy and room for additions like a garage, workshop, or deck. A potential con is the corresponding maintenance (lawn care, snow clearing) which requires more time or equipment.