Property Overview: 142 Dexter Street, Tyndall Park, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition centered on its generous lot and modern age within its immediate context. Its key characteristic is a significant 4,908 sqft lot, which is well above average for Dexter Street and provides substantial outdoor space or future expansion potential rare for the area. Built in 1985, it is notably newer than most homes on its street and in Winnipeg overall, suggesting potentially fewer major age-related maintenance concerns.
The appeal lies in this balance: it's a property with a below-average living area (680 sqft), making it a compact and efficient footprint, but situated on an above-average lot in a stable neighborhood. Its assessed value of $344k is above the street average, indicating it is already viewed as a premium property on its block.
This home would suit a first-time buyer or downsizer seeking a manageable interior space with the bonus of a large yard, without taking on an older, century-home renovation. It’s also a strategic fit for a value-conscious buyer looking for a "land play" – a property where the long-term value may be more in the land than the current structure, offering future redevelopment or expansion possibilities.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 680 sqft, the home is significantly smaller than the average Winnipeg house. It requires efficient use of space and would not suit those needing multiple large rooms. However, this makes for lower utility costs and less upkeep.
2. Why is the assessed value high for a smaller home?
The assessment reflects more than just interior square footage. The above-average lot size and the home's relatively newer construction date (1985) are major value drivers, pushing its assessed value above the street average.
3. How does the lot size compare?
The lot is a key asset. At 4,908 sqft, it ranks in the top 25% on Dexter Street, offering much more outdoor space than the typical neighbor. This is a less obvious advantage that provides privacy, gardening space, or future options.
4. What does the sale history indicate?
It last sold between $250k-$300k in April 2021. The current $344k assessment suggests significant appreciation in a short time, reflecting strong market trends for well-located lots and newer-built homes in the area.
5. Who are the typical neighbors?
The nearby reference properties show a mix. Some are very similar in age and size (like 18 Timmins Ave), while others on the same street are older and larger. This indicates a neighborhood in transition, where newer, well-maintained homes like this one can stand out.