Property Overview
7 Lambeth Road is a well-maintained, one-storey home in Winnipeg's Dakota Crossing neighbourhood. Built in 2007, it is a notably modern property compared to others on its street and in the wider area. The home features 1,222 sqft of living space, an attached garage, and a renovated basement. It sits on a 4,400 sqft lot. The appeal lies in its move-in-ready condition, modern systems that come with a younger build, and its strong standing in key metrics compared to immediate neighbours. Its above-average assessed value for the street suggests it is a premium offering in this specific location.
This property would suit first-time buyers or downsizers looking for a manageable, single-level layout without the maintenance concerns of an older home. It also appeals to value-conscious buyers who prioritize a home that stands out positively within its immediate peer group for size, age, and assessed value.
Key Details & FAQs
Key Characteristics & Appeal
The home’s primary advantage is its relative newness. Being built in 2007 makes it significantly newer than most homes on Lambeth Road and in Dakota Crossing, which typically translates to modern building standards, efficient mechanical systems, and less immediate need for major updates. The renovated basement adds functional living space. While the lot size is modest for the neighbourhood, the living area is spacious for the street, offering more interior room than many direct counterparts. Its strong rankings—particularly for Year Built and Assessed Value on its own street—indicate it is a standout, well-regarded property in its micro-area. This creates a unique position: it offers modern comforts within a typically more established, older streetscape.
Potential Buyer Profile
This home is ideal for buyers who want a turnkey property without the surprises often found in older builds. It suits those who value interior space over a large yard and appreciate a home that compares favourably in direct neighbourhood comparisons. It may also attract investors or buyers looking for a property with a strong foundational value relative to its immediate surroundings, as suggested by its assessed value metrics.
Frequently Asked Questions
1. How does this home compare to others on the street?
It ranks highly among the 23 homes on Lambeth Road. It is the newest home (top 4%), has above-average living space (top 22%), and an above-average assessed value (top 17%). This means it is consistently one of the more modern and substantial properties on the block.
2. Is the lot size a concern?
The lot is average for Lambeth Road but below average for the broader Dakota Crossing area. This means smaller yard maintenance, which some buyers prefer, but less private outdoor space compared to many other homes in the neighbourhood.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the listing agent to understand the quality and functionality of the space.
4. The home sold in 2019 for $400k. How does that relate to its current assessed value?
The current assessed value is $47.60k. It is crucial to understand that municipal assessed value for property tax purposes is not market value. The 2019 sale price is a historical market data point, but current market conditions and updates to the home will determine its present listing and sale price.
5. Who might this property not suit?
Buyers seeking a large, sprawling yard or those who prefer a home in a neighbourhood of similarly new builds might find it less ideal. The home's modernity contrasts with the older character of the surrounding area, which could be a pro or a con depending on personal taste.