Property Overview: 3 Cedarcroft Place, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Dakota Crossing presents a practical and comfortable living proposition. Built in 2004, it is notably newer than most homes in Winnipeg, offering modern construction and likely fewer immediate maintenance concerns compared to older city stock. With 1,635 sqft of living space, it sits above the city-wide average, providing ample room for a small family or those seeking a home office or flexible spaces. A key feature is the renovated basement, which adds valuable finished square footage and potential for recreation or guest space. The attached garage and a decently sized lot of over 5,700 sqft round out the core amenities.

Its appeal lies in its balance and established neighbourhood setting. It’s a home that offers more space and newer build quality than the typical Winnipeg home, without being the largest or most expensive on its own street. This creates a value-oriented position—you’re getting above-average city-wide specs for what is an average price point within the immediate area. The recent sale in June 2024 also provides clear, current market context for value assessment.

This property would suit first-time buyers or young families looking for a move-in ready, low-maintenance home in a mature neighbourhood. It’s also a sensible fit for downsizers seeking single-floor living potential (main floor primary bedroom) with a finished basement for family visits or hobbies, all in a home that’s newer than what they might be leaving.

Section 2: Frequently Asked Questions

1. How does this home compare to others in the area?
The data shows it’s a solid middle-ground option on its own street. It has the newest build year on Cedarcroft Place but is slightly smaller in living area than the street average. In the broader Dakota Crossing area and city-wide, it ranks above average for size, value, and year built.

2. What does the "renovated basement" likely include?
While specifics should be verified, a renovation in a home of this age typically means it was finished to a liveable standard with proper insulation, drywall, flooring, and lighting. It may include a rec room, additional bedroom, or bathroom.

3. Is the assessed value the same as the market value?
No. The assessed value ($52.70k) is for municipal tax purposes. The home sold for $56.50k in June 2024, which is the best indicator of its current market value.

4. What are the less obvious points to consider?
Consider that a 2004 build is now 20 years old; while modern, key components like the roof, HVAC, and major appliances may be nearing their typical lifespans. Also, its "above average" city-wide size is a relative strength in Winnipeg’s market of older, smaller homes.

5. Who might this home not suit?
Buyers seeking a brand-new build or a premium, top-of-the-line property on their street may find it too average for its immediate block. Those requiring extensive yard space or a swimming pool would also need to look elsewhere.