Property Overview

This two-storey home at 60 Turnham Drive in Winnipeg's Dakota Crossing neighbourhood presents a specific and compelling value proposition. Built in 1986, it features 1,268 sqft of living space and sits on a 4,716 sqft lot. A key feature is its renovated basement. Notably, it has no garage or pool. Its most recent sale was in September 2023 for $41,100.

Key Characteristics & Buyer Appeal

The primary appeal of this property lies in its above-average living space for its immediate area and its recent, below-average sale price. At 1,268 sqft, it ranks in the top 5% for size on Turnham Drive, offering more interior room than most direct neighbours. However, its last sale price and assessed value are significantly below averages for both the street and the wider Dakota Crossing area. This creates a notable value gap where you get more house for less money compared to nearby homes.

This combination suits practical, value-conscious buyers. It's ideal for someone who prioritizes interior square footage over exterior features like a garage, and who sees potential in a home that may be undervalued relative to its neighbourhood. The renovated basement adds immediate functional living space without the need for a major project. It would also appeal to an investor or first-time buyer looking for an entry point into a stable neighbourhood, where the fundamentals of space and location are strong, even if the finishings or specific amenities are modest.

Frequently Asked Questions

Q: Why was the 2023 sale price so much lower than the area average?
A: While the specific reasons aren't listed, sale prices can be influenced by factors like the home's condition at the time, specific market conditions, or the terms of the sale. The data suggests it presented a value opportunity, purchasing more square footage per dollar than typical for the area.

Q: How does having no garage affect daily life and resale here?
A: Many homes on the street and in older Winnipeg neighbourhoods lack garages. Buyers should plan for street parking and consider the impact during winter months. While it may limit some buyer pools later, the lower price point directly reflects this common trade-off.

Q: The assessed value seems low. Does that mean property taxes are lower?
A: Generally, yes. A lower assessed value typically results in a lower municipal property tax bill, which is an ongoing financial benefit for the owner.

Q: Is a home from 1986 likely to have major issues?
A: Homes from this era are common in Winnipeg. While major systems like roof, windows, and furnace may be nearing or due for replacement based on their lifespan, the renovated basement is a positive sign of updates. A thorough inspection is always recommended.

Q: The home ranks well for size but poorly for value on its street. What does that mean?
A: This statistical contrast is the property's defining characteristic. It indicates that while the physical house is larger than most on the block, its market price has not reflected that premium. For a buyer, this can signal an opportunity to acquire a relatively spacious home without paying the typical price premium for that space in this specific location.