Property Overview & Key Characteristics
This 1986 bi-level home at 54 Kennington Bay is a study in contrasts, offering a specific value proposition. Its 866 sqft of living space is notably compact, ranking below average for the street, neighborhood, and city. However, this is balanced by a recently renovated basement and a detached garage. The assessed value is relatively strong for its immediate street, suggesting the home is well-maintained within its context. The lot size is modest for the area but is close to the city-wide average.
Its primary appeal lies in being an affordable, low-maintenance entry point into the Dakota Crossing neighborhood. It suits first-time buyers, downsizers, or investors seeking a functional property with recent updates (the basement) without a premium price tag. A thoughtful perspective is that its smaller size and efficient layout could be a benefit for those looking to minimize utility costs and upkeep time. Its value is anchored more in its location and lot than in its square footage.
Frequently Asked Questions
1. Is the house too small?
At 866 sqft, it is significantly smaller than most homes in Dakota Crossing. It will feel compact, especially for a growing family, but the renovated basement provides additional flexible space.
2. Why is the assessed value higher than some recent sale prices?
The current assessed value ($40.70k) is above the 2023 sale price. This can reflect municipal assessments catching up to market improvements (like the basement renovation) or differing valuation methodologies. It's a point to discuss with your realtor.
3. What is the condition of the major systems?
As a home built in 1986, key components like the roof, windows, furnace, and plumbing are likely at or beyond their typical lifespan. An inspection is crucial to understand upcoming capital needs.
4. How does the detached garage impact winter use?
A detached garage in Winnipeg means exiting your vehicle into the elements. While it provides storage and parking, consider the convenience factor during winter compared to an attached garage.
5. Is there potential for future expansion?
The modest lot size (4,267 sqft) may limit possibilities for large additions. Any expansion plans would need to carefully consider setback requirements and lot coverage bylaws.