Property Overview
This single-storey home at 3 Hallfield Bay in Winnipeg's Dakota Crossing neighbourhood presents a specific and compelling value proposition. Built in 1987, it features 1,539 sqft of living space, a renovated basement, an attached garage, and sits on a 6,251 sqft lot.
Its primary appeal lies in its positioning as a city-wide value. While it is one of the older and more modestly sized homes on its own street, it ranks well above the Winnipeg average for living space and lot size. The assessed value is notably low for the street, which can indicate a lower property tax burden, but also suggests the home may be dated relative to its neighbours. The renovated basement is a key modernizing feature.
This property would suit a practical, value-conscious buyer—perhaps a first-time homeowner or downsizer—who prioritizes interior space and land over a newer build or street prestige. It’s for someone who sees potential in a solid foundation and is comfortable with a home that may require updates, trading immediate curb appeal for long-term equity building in a well-established area.
Frequently Asked Questions
1. Why is the assessed value so much lower than neighbouring homes?
The home is one of the oldest on the street (1987), and assessed value is based on market trends and property characteristics. Its lower assessment likely reflects its age and potentially dated original components compared to newer builds nearby, which can result in lower property taxes.
2. How does the living space compare practically?
At 1,539 sqft, it offers more space than the typical Winnipeg home. However, it's smaller than the average on Hallfield Bay. This means you get a spacious home by city standards, but it may feel modest compared to some immediate neighbours.
3. What does the "renovated basement" likely include?
The listing specifies a renovated basement, which typically means finished living space. It’s a significant advantage, adding functional square footage and modern amenities that the main floor, given the home's age, may lack.
4. Is the lot size a good feature?
Yes. The lot is above average for both Dakota Crossing and Winnipeg overall. It offers good outdoor space, which is a valuable and permanent asset, especially in a mature neighbourhood where lots are often smaller.
5. What is the neighbourhood context?
Dakota Crossing is an established area. This home sits on a street where many homes are newer and larger. This can be a positive for future values, but it also means this property may stand out as more modest, affecting resale appeal to some buyers while offering an entry point into the area for others.