Property Overview
This single-storey home at 227 Queensbury Bay in Winnipeg's Dakota Crossing neighborhood presents a practical and value-conscious opportunity. Its key appeal lies in its balance of a renovated basement, a manageable size, and a lot that offers room to breathe. Built in 1987, it is notably newer than many homes in the wider city, which can mean fewer concerns over aging major systems compared to older stock. The attached garage and a land area just over 5,100 sqft are solid, standard features for the area.
The home’s metrics reveal a thoughtful perspective: while its living space is modest compared to immediate neighbors, it sits around the city-wide average, suggesting it’s a typically sized home in a neighborhood with some larger comparables. Its assessed value follows a similar pattern—positioning it as a more accessible entry point on its own street and in Dakota Crossing, yet aligning with average values across Winnipeg. This creates a potential value proposition for a buyer who prioritizes location and lot over sheer square footage.
This property would suit first-time buyers or downsizers looking for a low-maintenance, single-level layout with modernized basics. It’s also a sensible fit for an investor or practical buyer who sees the appeal in a home that is financially manageable and offers the stability of a mature neighborhood without the premium price tag of the largest homes on the block.
Frequently Asked Questions
Is this house significantly smaller than others in the area?
Yes, compared to other homes on Queensbury Bay and in the Dakota Crossing area, the living area is below the local average. However, it is very close to the average size for a Winnipeg home city-wide, indicating it's a comfortably standard size in a broader context.
What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the finish quality, legal compliance, and the nature of the renovations (e.g., cosmetic updates versus full legal suite).
How does the assessed value compare to the last sale price?
The home was last sold in December 2021 for $35,500. The current assessed value is $40,900. This increase reflects the municipal assessment, but the market sale price is determined by current conditions and buyer competition.
Is the lot a good size for the neighborhood?
At just over 5,100 sqft, the land area is around the average for both Queensbury Bay and the Dakota Crossing area. It provides standard suburban outdoor space, neither particularly large nor small for its setting.
Given its age, what major systems might need attention?
Built in 1987, key components like the roof, windows, furnace, and plumbing are likely original or nearing the end of their typical lifespan. A thorough inspection is crucial to budget for potential updates, though the home's newer age relative to many in the city is a relative advantage.