Property Overview: 3 Kennington Bay, Winnipeg
Key Characteristics & Appeal
This one-storey home in Dakota Crossing is a study in contrasts, offering a unique position within its immediate area. Built in 1987, it is newer than most homes on its street and across Winnipeg, suggesting potentially fewer major age-related concerns. Its standout feature is the generous 5,309 sqft lot, which is notably larger than most in the neighbourhood, offering valuable outdoor space and privacy. The home itself, at 1,040 sqft of living area, is functionally sized and in line with other houses on Kennington Bay. A key update is the renovated basement, adding valuable finished space. The property includes a detached garage.
Its appeal lies in this combination of a well-sized, newer home on an above-average lot for the area, presenting an opportunity for buyers who prioritize land size and a solid foundation over sheer interior square footage. The above-average assessed value for the street indicates it is viewed favorably relative to its closest peers. This property would suit first-time buyers, downsizers, or practical investors looking for a manageable single-level layout with a low-maintenance yard that still feels spacious. It’s a home for those who see value in a quiet street setting with room to breathe, rather than a premium city-wide location.
Frequently Asked Questions
1. How does the property’s value compare?
While its assessed value is above average for Kennington Bay, it is below the average for the broader Dakota Crossing area. This suggests you may be getting more home and land for your money compared to immediate neighbours, but the property is priced accessibly within the larger community.
2. Is the lot size a significant advantage?
Yes. Ranking in the top 7% for land area on its street, the lot is a defining asset. It offers more potential for gardening, recreation, or future expansion (subject to zoning) than most nearby properties.
3. What does the “renovated basement” imply?
It indicates the lower level has been updated, likely creating additional livable space such as a family room, office, or extra bedroom. This adds functional square footage beyond the main floor living area.
4. Who might this home not suit?
Buyers seeking a large, modern interior or an above-average home size for the entire city may find it modest. Its living area is below the neighbourhood average. It’s also not suited for those wanting an attached garage.
5. How does the 2018 sale price relate to today’s value?
The $330,000 sale price from 2018 is a historical data point. Current value is influenced by market conditions, updates made since then, and the assessed value, which is significantly lower. It’s best used as a reference for past market activity, not a direct indicator of present worth.