Property Overview: 3 Queensbury Bay, Winnipeg

Key Characteristics & Buyer Profile

This is a compact, one-storey home built in 1986, situated on a standard-sized lot in the Dakota Crossing neighborhood. With 1,073 sqft of living space, it is notably smaller than most homes on its street and in the immediate area, though it aligns more closely with the Winnipeg citywide average. A key characteristic is its significantly below-average assessed value for both the street and neighborhood, which suggests it may present an entry-point opportunity. The home has a basement (unrenovated), no garage, and no pool.

Its primary appeal lies in its value proposition and lot potential. For a buyer comfortable with a smaller footprint, it offers a chance to enter a neighborhood where other homes are valued higher. The lot size is consistent with the area, providing standard outdoor space and future potential. This property would suit first-time buyers, downsizers seeking a manageable single-level layout, or value-focused investors looking for a property where the land and location contribute substantially to the asset's worth. It’s a practical choice for those prioritizing location over move-in-ready size or finishes, and who see potential in the existing structure or lot.

Frequently Asked Questions

1. Why is the assessed value so much lower than neighboring homes?
The assessed value is based on the property's specific attributes, including its smaller-than-average living area for the street and the unrenovated condition. This creates a value gap compared to larger or updated homes nearby.

2. What does the "below average" ranking for living area mean for daily life?
It confirms the home has a compact layout. Buyers should be prepared for cozier living spaces and potentially fewer rooms or smaller bedrooms compared to many houses in Dakota Crossing. Efficient use of space will be important.

3. Is the unrenovated basement finished or usable?
The listing specifies "Basement: Yes, not renovated." This typically means the basement is unfinished (concrete floors, exposed walls/ceilings), but is a usable space for storage, utilities, and offers potential for future development.

4. How does the lack of a garage affect practicality, especially in winter?
The absence of a garage means vehicles will be parked outdoors, requiring seasonal scraping and warming up. It also reduces covered storage space for tools, bicycles, or seasonal items, which is a practical consideration for many households.

5. The home sold very recently (September 2024). What does that indicate?
The recent sale suggests a quick turnaround, which often points to a transaction like an estate sale, investor purchase, or a fairly priced property that attracted immediate interest. It’s advisable to inquire about the circumstances and any known reasons for the quick sale.