Property Overview: 23 Hyatt Place, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Dakota Crossing is a study in contrasts, offering a practical and updated living space on a modest lot. Its key appeal lies in being a well-maintained, renovated property within its immediate streetscape, presenting a solid value proposition for a specific buyer.

The 1,211 sqft home features a renovated basement, adding functional living space. While the lot size is notably smaller than area averages, this translates to lower maintenance. The home’s assessed value is strong for its street, ranking in the top 9%, suggesting it is in better condition or has more desirable features than its direct neighbors. Built in 1984, it is one of the older homes on Hyatt Place, which can imply established landscaping and mature community integration, but also calls for attention to aging components like the roof or windows.

This property would suit first-time buyers or downsizers seeking a turn-key home without a large yard to manage. Its above-average assessment for the street indicates it’s a standout in its micro-location, ideal for a buyer who prioritizes interior condition and updates over outdoor space. It’s a pragmatic choice for those wanting to enter the Winnipeg market with a renovated, manageable property in a mature neighborhood.

Section 2: Frequently Asked Questions

1. How does the small lot size impact daily living?
While the yard is smaller than most in Winnipeg, it means less time and money spent on maintenance. It’s suitable for small gardens or patio seating but not for extensive recreation or large projects. The trade-off is more interior space per dollar and less weekly upkeep.

2. The home is older than many in Dakota Crossing. What should I consider?
Its 1984 build date means core systems (plumbing, electrical, roof, windows) are at an age where inspection is crucial. However, being one of the original homes on the street often comes with mature trees and a settled, established feel that newer subdivisions lack.

3. Why is the assessed value so high compared to the street average?
The assessment ranking in the top 9% on Hyatt Place likely reflects the renovated basement and overall good condition. This can be an advantage for pride of ownership but doesn't directly predict market sale price, which is influenced by broader factors.

4. How does the 2022 sale price of $450k relate to today’s value?
That sale provides a historical benchmark, but current market conditions, interest rates, and any further updates to the home since then will determine present value. It’s a data point, not a current appraisal.

5. What is the balance of space between the main home and the basement?
With 1,211 sqft of total living area inclusive of the renovated basement, the above-ground space is efficient. Buyers should clarify the layout and ceiling height in the basement renovation to understand the flow and feel of the living space.