78 Satinwood Place

Property Overview

This 870 sqft bi-level home at 78 Satinwood Place presents a practical, entry-level opportunity in Winnipeg's Dakota Crossing neighborhood. Built in 1988, it sits on a 3,861 sqft lot and features a renovated basement. Its key appeal lies in its relative affordability and manageable scale, standing out as a below-average-sized home in its immediate area, which can translate to lower utility costs and less maintenance. The recently renovated basement adds functional living space without expanding the home's footprint. With no garage or pool, it’s a straightforward property.

It would suit first-time buyers or downsizers seeking a cost-effective foothold in the market who prioritize a solid, renovated space over square footage. Investors may also see value in its below-average assessed value for the area, considering its rentable potential with the separate basement level. A thoughtful perspective is that its smaller size and lot, while not leading in rankings, offer a simpler, more efficient lifestyle without the burden of maintaining larger, more common property sizes in the wider city.

Frequently Asked Questions

Is this home significantly smaller than others in Winnipeg?
While its living area is below the city-wide average, it ranks in the top 86% overall, meaning it is smaller than the average but not exceptionally so. The more noticeable difference is within its own neighborhood of Dakota Crossing, where it is in the bottom 5% for size.

What does the assessed value tell us about the property taxes?
With an assessed value of $37,800, which is below average for Dakota Crossing but around average city-wide, the property likely benefits from relatively lower municipal property taxes compared to many homes in its immediate area.

The home sold for much less in 2016. Does that indicate a problem?
The 2016 sale price of $29,200 is not a direct indicator of issues. It likely reflects a different market condition, a possible estate or quick sale, or the state of the home prior to the basement renovation.

How does the year built (1988) affect this home?
Built in 1988, the home is newer than the typical Winnipeg house, which is a positive. Major components like the roof, windows, and furnace are likely within or approaching their replacement window, so a pre-purchase inspection is advisable to budget for future updates.

Is the lack of a garage a major drawback?
This depends on the buyer's needs. For some, it's a significant inconvenience. For others, it simplifies upkeep and reduces costs. The property's ranking shows that on its own street, having no garage is not uncommon, suggesting the neighborhood may have a mix of street and driveway parking.