Property Overview: 55 Abbotsfield Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Dakota Crossing presents a practical and straightforward opportunity. Built in 1994, it offers 1,262 sqft of living space with an attached garage and a full, unrenovated basement on a standard-sized lot. Its core appeal lies in its position as a competitively priced entry point into a stable neighbourhood. The recent sale price is notably below the average for the immediate street, suggesting value relative to its peers.
The property is well-suited for first-time buyers or practical investors seeking a functional home without a premium price tag. Its unrenovated basement is a blank canvas for future expansion or customization, appealing to those who prefer to add value on their own terms. While the home’s assessed value and living area are modest compared to nearby houses, this translates to lower property taxes and a manageable footprint—a sensible trade-off for the right buyer. It’s a home that prioritizes location and lot over turn-key finishes, ideal for someone with a vision for gradual improvement.
Section 2: Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. While below the street average, it primarily reflects the home’s market position and characteristics at the time of assessment. It often results in a corresponding benefit: relatively lower annual property taxes compared to neighbours.
2. What does "basement not renovated" imply?
It means the basement is in a basic, functional state. It’s likely developed but with older finishes and systems. This should be factored into your budget, but it also means you can customize the space to your needs without paying a premium for someone else’s renovations.
3. How does the living space compare?
At 1,262 sqft, it’s slightly smaller than the average home on the street and in Dakota Crossing. This makes it efficient and easier to maintain, but buyers should ensure the layout meets their spatial needs, especially if planning to use the basement for primary living areas.
4. The home sold recently. What does that indicate?
The sale in August 2024 provides a clear, current market price benchmark. It shows active interest and can help establish a solid foundation for understanding the home’s value in today’s market, reducing guesswork compared to a stale listing.
5. Who would this neighbourhood suit?
Dakota Crossing is a mature, established area. This home, in particular, suits those seeking a quiet, residential setting without the premium of a brand-new subdivision. Its practicality aligns well with young families, downsizers looking for single-level living, or buyers who value a larger lot over a larger house.