Property Overview: 58 Lambeth Road, Dakota Crossing, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained one-storey home, built in 1991, offers a practical and comfortable living space of just over 1,000 square feet. Its key features include a renovated basement and an attached garage, situated on a manageable 4,415 sqft lot. The appeal lies in its solid, no-fuss foundation within a mature neighbourhood. While its size is modest compared to newer suburban homes, the data shows it holds its own: its assessed value ranks above average for its immediate street and its living area is typical for Winnipeg overall. This creates a value proposition of a stable, lower-maintenance property in an established area.
The home would suit first-time buyers seeking an entry point into homeownership without the surprises of an older property, or downsizers looking for single-level living with a finished basement for extra space. A thoughtful perspective is that its "average" metrics within the city might be a strength, representing a manageable and affordable scale that’s easier to maintain and heat than a larger, more expensive home. Its above-average ranking for year built on its street suggests it’s one of the newer homes in that specific cluster, potentially meaning fewer major component replacements are imminent compared to older neighbours.
Section 2: Frequently Asked Questions
1. How does this home compare to others in Dakota Crossing?
The home is smaller and has a lower assessed value than the average for the broader Dakota Crossing area. However, on its specific street (Lambeth Road), it ranks above average for value and land size, indicating it’s a well-regarded property within its immediate micro-neighbourhood.
2. What does the assessed value indicate?
The assessed value of $40,900 is a municipal valuation for tax purposes, not a market price. That it ranks highly (Top 30%) on its own street suggests the city views it favorably compared to its direct neighbours. The last recorded sale was in June 2019 for $35,800.
3. Is the renovated basement a legal suite?
The listing notes a "renovated" basement but does not specify it as a legal secondary suite. Buyers should verify the permits and status of the renovations with the city to understand its approved use.
4. What are the potential drawbacks of a 1991-built home?
While newer than many Winnipeg homes, a 33-year-old house will likely need attention to original components. A pre-purchase inspection should focus on the roof, windows, HVAC system, and major appliances, which may be nearing the end of their service life.
5. Who might this property not suit?
It may not be ideal for buyers seeking a large lot, extensive square footage, or a home that ranks above average for size and value across the entire suburban area. It’s a practical home best suited for those who prioritize neighbourhood stability and manageable scale over maximum space.