Property Overview: 814 Aldgate Road, Winnipeg
Key Characteristics & Appeal
This well-maintained, one-storey home in Dakota Crossing offers a practical and modern living space. Built in 2005, it is notably newer than many homes in Winnipeg, which often translates to fewer immediate maintenance concerns and contemporary building standards. The 1,509 sqft living area is efficiently sized, ranking above average city-wide, and features a renovated basement that adds functional space. An attached garage provides convenience year-round.
The home’s primary appeal lies in its strong value proposition within its immediate area. Its assessed value ranks in the top 20-23% for both its street and neighbourhood, suggesting it is perceived as a higher-quality asset compared to many nearby properties. This, combined with a recent sale in late 2024, indicates a solid and current market valuation. The lot size is standard for the area, offering manageable outdoor space without excessive upkeep.
This property would suit first-time buyers or downsizers seeking a modern, single-level layout in a stable neighbourhood. It’s also a sensible fit for value-conscious buyers who appreciate a home that stands out positively in local assessments, potentially indicating better finishes, condition, or updates than area averages. The renovated basement adds versatility for a home office, family room, or guest space.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 1,509 sqft, the living area is slightly above the average for Aldgate Road and very close to the average for the broader Dakota Crossing area. It is, however, notably larger than the typical Winnipeg home, placing it in the top 30% city-wide.
2. What does the "above average" assessed value mean for me?
A higher assessed value relative to neighbours can signal that the municipality views the property as having greater worth, often due to factors like renovations, condition, or desirable features. It’s a positive indicator of the home’s standing in the area, though property taxes will be based on this valuation.
3. Is the renovated basement a legal suite?
The listing states the basement is renovated but does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and building codes if considering rental income potential.
4. What are the implications of the home being built in 2005?
Constructed 21 years ago, this home is significantly newer than the Winnipeg city average (1966). This typically means major components like the roof, windows, and HVAC system are likely in good condition or have been updated more recently, but are also entering a period where routine replacements should be budgeted for.
5. How does the recent sale price relate to the assessed value?
The home sold for $58.30k in September 2024, which is higher than its $53.70k assessed value. This is common, as market sale prices often differ from municipal assessments used for taxation. The recent sale provides a clear, up-to-date benchmark of its market value.