Property Overview: 38 Tretheway Close, Winnipeg

Key Characteristics & Appeal

This one-storey home in Dakota Crossing, built in 2003, presents a practical and modern living option. Its key appeal lies in its balance of space and manageability. With 1,515 sqft of living area, it offers more room than the average Winnipeg home, yet its single-level layout makes it highly functional for day-to-day living. A renovated basement adds valuable finished space and flexibility.

The property’s standout characteristic is its value positioning. While it sits on a slightly smaller lot for its immediate street, its city-wide rankings tell a different story: it boasts above-average living space, land area, and a newer build year compared to the broader Winnipeg market. This suggests you’re getting a relatively modern home on a decent-sized lot without a premium street price. The attached garage and lack of pool point to a low-maintenance lifestyle.

This home would best suit first-time buyers or downsizers seeking a modern, single-level layout in a well-established neighbourhood. It’s for those who prioritize interior space and a renovated condition over having the largest lot on the block. A thoughtful perspective is that this property represents a "smart compromise" – it offers the perks of a newer build (like potentially fewer major repairs) and generous square footage, but within a price segment that may be more accessible because it isn't the largest home on its specific street.

Frequently Asked Questions

1. How does this home’s value compare to its last sale price?
The home last sold in June 2021 for $500,000. Its current assessed value is significantly lower at $50,600, which is important to note. Assessments are for tax purposes and do not reflect market value; a current market evaluation would be needed to understand today's price.

2. Is the living space suitable for a growing family?
At 1,515 sqft plus a renovated basement, the home offers solid space. The one-storey design is excellent for young children or accessibility, but families needing multiple dedicated bedrooms or separation of space should carefully review the specific floor plan.

3. What does the "below average on the street" ranking mean for lot size?
The lot is 6,130 sqft, which is smaller than the average on Tretheway Close. However, it remains larger than the average lot in both Dakota Crossing and Winnipeg overall. You’re getting a very standard city lot, just not an exceptionally large one for that particular street.

4. The home is newer than average for Winnipeg. What are the advantages?
A 2003 build (23 years old) means major components like the roof, windows, and HVAC system are likely more recent than in a 50+ year old home, potentially deferring costly near-term replacements. Building codes and materials from this era also generally offer better energy efficiency than mid-century homes.

5. Who might this property not suit?
It may not suit buyers seeking a premium lot size or the largest home in the immediate area, as the data shows it ranks lower on its own street for those metrics. It also wouldn't suit those looking for a fixer-upper or investment in a rapidly appreciating area, as it appears to be a well-maintained, modern home in a stable neighbourhood.