Property Overview: 220 Dunkirk Drive
Key Characteristics & Appeal
This 1962-built home on a large 18,458 sqft lot presents a distinct value proposition. Its primary appeal lies in the exceptional size of the land, which ranks in the top 2% city-wide, offering rare potential for expansion, gardening, or outdoor living within Winnipeg. While the 1,278 sqft living space is modest compared to larger neighborhood averages, it results in a relatively efficient and manageable footprint. The assessed value of $570k is above average for the city but sits around the median for Dunkirk Drive and Victoria Crescent, suggesting you are paying primarily for the land and location rather than an oversized house.
This property would suit a buyer who prioritizes outdoor space over interior square footage, such as those looking for a long-term family home with room to grow, or someone interested in the value of a substantial lot in a well-established area. It’s a practical choice for buyers comfortable with a home of average city size who see the oversized lot as a strategic investment or a source of personal enjoyment.
Frequently Asked Questions
1. Is the house too small for the neighborhood?
The living area is below the average for both the street and the wider Victoria Crescent area. This means many nearby homes are larger. However, it is very close to the average home size across Winnipeg, indicating a fairly standard interior layout.
2. Why is the assessed value so high compared to the city average?
The city-wide average assessed value is significantly lower at $390.1k. This property’s $570k valuation is driven by its desirable lot size and its location within a neighborhood where property values are generally higher, ranking it in the top 10% city-wide for assessed value.
3. What does the "elite" city-wide ranking for land area actually mean?
This ranking indicates that the lot size of 18,458 sqft is larger than approximately 98% of comparable residential lots in Winnipeg. It is a standout feature that offers a level of privacy and space that is increasingly uncommon.
4. How does the year built affect this property?
Built in 1962, the home is newer than most on its street (average year built is 1957) but is typical for the city overall. Buyers should anticipate features and systems consistent with early-1960s construction and plan for associated maintenance or updates.
5. Is this a good "value" for the street and area?
The assessed value is ranked almost exactly average for Dunkirk Drive itself. This suggests the property is priced in line with its immediate peers, with the premium for the large lot potentially balanced by the smaller-than-street-average living area.