Property Overview & Key Characteristics

This property at 72 Dovetail Crescent in Transcona North presents a unique opportunity centered on land value and potential. Its primary appeal lies in the substantial 4,157 sqft lot, which ranks in the top tier for size both on its street and within the wider Winnipeg area. The home itself appears to be an older property, as suggested by its notably low assessed value of $11,600, which is characteristic of the immediate area but significantly lower than newer builds nearby. This creates a clear value proposition: you are investing primarily in the land in a stable, established neighbourhood.

The profile suits specific buyer types. It’s a practical entry point for first-time buyers or investors comfortable with a home that likely requires modernization or is being purchased for its redevelopment potential. Given the large lot and the presence of newly built homes on adjacent streets, it may also attract buyers looking to build new in a more mature neighbourhood setting, offering more space than a typical infill lot. It’s less suited for those seeking a turn-key or modern home without a renovation or building project in mind.

Frequently Asked Questions

1. Why is the assessed value so much lower than the newer houses nearby?
The assessed value is based on the existing older structure. Newer builds, like those on Emberwell Street, have modern finishes, systems, and larger living areas, which are reflected in their significantly higher assessments.

2. What does the lot size ranking actually mean for me?
Ranking in the top 0-1% for lot size in Winnipeg means this is a notably large parcel, especially for an inner-suburb neighbourhood. This provides more outdoor space, privacy, and potential for additions, landscaping, or future redevelopment compared to standard lots.

3. The listing shows no data for basement, garage, or year built. How do I find out?
These details would need to be confirmed through a direct inquiry with the listing agent or by reviewing the full property disclosure statement. Their absence on this summary page is common for older properties where some data points are not centrally recorded.

4. The nearby comparable properties have similar low values. Is this a concern?
Not necessarily. It indicates a consistent character for the original homes on this street, suggesting stable property tax assessments for the existing housing stock. It highlights that value growth here may be more tied to land appreciation or improvements you make, rather than existing structure.

5. Who would be my typical neighbours?
You would have a mix of long-term residents in original homes and, based on nearby new constructions, newer families who have chosen to build in the area. This blend can offer neighbourhood stability while also indicating a gradual renewal of the housing stock.