Property Overview: 38 Kennington Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, 867 sqft bi-level home built in 1986, situated on a standard 4,441 sqft lot in Dakota Crossing. Its key updated feature is a renovated basement. The home includes a detached garage.
The primary appeal lies in its value positioning. With an assessed value of $39,500, it is priced significantly below the Winnipeg city average and represents one of the most accessible entry points into homeownership in the area. The renovated basement adds functional living space. Its age is a relative advantage on the street, being newer than many neighbouring homes.
This property would best suit first-time buyers or investors seeking a low-entry-cost property with modernized basics. It’s a practical choice for those comfortable with a smaller living footprint who prioritize financial accessibility over size. A thoughtful perspective is that while the home is modest in scale compared to its immediate neighbourhood and district, its value assessment is competitive city-wide, suggesting it’s priced for its function rather than its location's premium.
Section 2: Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 867 sqft, the living area is below average for Dakota Crossing and for homes on Kennington Bay itself, indicating this is one of the more compact properties in the area.
2. What does the assessed value indicate?
The $39,500 assessment is around the average for its specific street but is below the average for the broader Dakota Crossing area, highlighting its role as a more affordable option within the community.
3. Is the home older or newer than surrounding properties?
Built in 1986, it is actually newer than the average home on Kennington Bay, but slightly older than the average for the entire Dakota Crossing district.
4. What is the lot size like?
The 4,441 sqft lot is slightly smaller than the average for the street and district, but is closer to the city-wide average, offering a manageable outdoor space.
5. Are there comparable properties for reference?
Yes, the listing references nearby homes on the same street and several in other neighbourhoods like Elmhurst and Varsity View with identical assessed values, providing a clear picture of its market positioning.