4 Highcastle Crescent

Property Overview

This 3-level split home at 4 Highcastle Crescent in Winnipeg's Dakota Crossing neighbourhood presents a specific and practical value proposition. Built in 1991, its key appeal lies in its renovated basement and its position as a city-wide value standout. With 1,147 sqft of living space, it is notably smaller than most immediate neighbours but offers a functional layout over multiple levels. The attached garage and a 5,488 sqft lot provide standard suburban amenities. Its assessed value of $450k is above the city-wide average, yet it sits at an average price point for the Dakota Crossing area, suggesting the home may offer more finished quality or updates relative to many city properties. It last sold in February 2022 for $415,000.

Key Characteristics & Ideal Buyer

The primary characteristic of this property is its contrast between local and city-wide context. On its own street and in its immediate neighbourhood, the home is below average in size. However, city-wide data shows its assessed value ranks in the top 28%, indicating that for its price, it holds stronger value compared to the broader Winnipeg market. This suggests updates (like the renovated basement) or the desirability of the specific pocket are recognized in its valuation.

Its appeal lies in offering a turn-key, low-maintenance base in a mature, established neighbourhood. The renovated basement adds immediate liveable space without project work. It would suit first-time buyers seeking an entry into a family-friendly area without a massive footprint, or downsizers looking for manageable indoor space but who still value a decent-sized yard. A thoughtful perspective is that this home represents a "middle ground" investment—it's not the largest or newest on the block, but its above-average city valuation could indicate a stable floor with less volatility.

Frequently Asked Questions

1. How does the home's size compare to others nearby?
At 1,147 sqft, the living area is smaller than the average home on Highcastle Crescent (1,746 sqft) and in Dakota Crossing (1,483 sqft). It offers a more compact, efficient layout.

2. Why is the assessed value above the city average if the house is smaller?
The $450k assessment ranks in the top 28% city-wide. This suggests factors like the renovated basement, the specific location within Dakota Crossing, lot utility, or interior condition contribute a premium compared to the broader market.

3. What does the sale history indicate?
The home sold in February 2022 for $415,000. The current assessed value of $450k reflects the municipal valuation for tax purposes, which considers market trends and improvements, not necessarily the immediate resale price.

4. Is the lot size typical for the area?
The 5,488 sqft lot is fairly standard, ranking near the average for both the neighbourhood and the city. It provides a typical suburban backyard space.

5. What are the likely maintenance considerations given its age?
Built in 1991, major components like the roof, windows, and heating system are likely within or approaching a standard renovation cycle. A thorough inspection would be advised to plan for any upcoming updates.