Property Overview & Key Characteristics

This two-storey home at 51 Turnham Drive in Winnipeg's Dakota Crossing neighbourhood presents a practical and value-conscious opportunity. Built in 1986, its key appeal lies in its efficient use of space. With 1,268 sqft of living area, it offers more room than most homes on its own street, ranking in the top 5% locally for size. This suggests a home that feels spacious for its immediate setting. The basement has been renovated, adding functional living space. The property sits on a standard 4,695 sqft lot, typical for the area.

Its strongest suit is financial efficiency. The home's assessed value is notably below average for both its street and the wider Dakota Crossing area, yet it offers above-average living space for its immediate locale. This disconnect between its valuation and its usable square footage is a core feature. It would suit first-time buyers, downsizers, or investors seeking a footprint larger than the street average without the corresponding premium price tag. It’s a home for those who prioritize interior space over a large yard or a new-build property, and who see potential in a assessed value that leaves room for equity growth.

Frequently Asked Questions

1. Why is the assessed value lower than many neighbours?
While the home offers good living space, its assessed value ranks below average on its street and in Dakota Crossing. This can be influenced by factors like the absence of a garage, the specific finish level, or the lot size. It indicates a potentially lower property tax burden and a value-oriented entry point into the neighbourhood.

2. How does the living area compare meaningfully?
Ranking in the top 5% on its street for living area means that, while 1,268 sqft is average city-wide, you are getting one of the larger interior footprints available on Turnham Drive itself, which could mean better layout or more rooms than direct neighbours.

3. What does the sale history indicate?
The home last sold in August 2016 for $32,500. This historical price, significantly lower than the current assessed value of $38,200, highlights substantial assessed appreciation over the last eight years, underscoring the area's trend in growing property values.

4. Is the lack of a garage a major drawback?
The property has no garage. For some buyers, this is a significant consideration for vehicle storage or workshop space. For others, the renovated basement may provide ample storage and hobby space, offsetting this missing feature.

5. Who might the similar "assessed value" properties be for?
The listed properties with similar assessed values in other neighbourhoods (like Elmhurst or Varsity View) are useful for buyers comparing municipal tax implications. They show that at this valuation point, you have options in different areas, making 51 Turnham Drive a Dakota Crossing-specific value proposition to be weighed against other locales.