Property Overview
This 1986 bi-level home at 72 Turnham Drive in Dakota Crossing presents a practical and affordable entry point into the Winnipeg market. With 870 square feet of living space and a renovated basement, it offers functional living on a standard 4,716 sqft lot. The home lacks a garage or pool, keeping maintenance simpler and costs down. Its core appeal lies in its value proposition: it’s a competitively priced property in a stable neighbourhood, with an assessed value that is very typical for its immediate street but sits below the average for the wider Dakota Crossing area. This suggests potential for value growth as neighbourhood standards rise.
The home would suit first-time buyers or practical downsizers seeking a low-maintenance footprint without a major renovation project. Investors may also see it as a viable rental property, given its renovated condition and straightforward layout. A less obvious perspective is that its "around average" metrics on its own street indicate it fits right into the existing fabric of Turnham Drive, offering neighbourhood consistency rather than standing out as an under-improved property.
Frequently Asked Questions
1. How does the property’s value compare to nearby homes?
While its assessed value is typical for Turnham Drive, it is below the average for the larger Dakota Crossing neighbourhood. This position could represent a relative value opportunity within a desirable area.
2. Is the living space sufficient for a small family?
At 870 sqft, the living area is compact. The renovated basement provides crucial additional flexible space, making it more viable for a small family or couple than the main floor square footage alone might suggest.
3. What does the lack of a garage mean for parking and storage?
The property has no garage. Buyers should plan for street parking and consider the basement or creative shed solutions for storage. This is a common trade-off for affordability in many mature neighbourhoods.
4. The home was last sold in 2019. What does that recent sale history indicate?
It sold for $32,400 in April 2019. The current assessed value of $38,900 reflects market changes since then. This recent turnover suggests the property is seen as a liquid asset in the market.
5. How does the year built (1986) affect the home?
Built 40 years ago, the home is newer than many in Winnipeg overall but is among the older homes in the Dakota Crossing neighbourhood. Prospective buyers should focus on the condition of major 40-year components, like the roof and windows, which the renovated basement does not directly address.