Property Summary: 34 Dampsy Crescent, Winnipeg

Key Characteristics & Buyer Profile

This is a single-family home with around 1,120 square feet of living space and a 5,498-square-foot land area, built in 1973. The assessed value sits at approximately $330,000. Its appeal is subtle rather than flashy. While the living area and lot size fall near average citywide (ranking in the bottom 42% and top 43%, respectively), the property stands out most for its affordability relative to its immediate street—it’s the lowest-assessed home on Dampsy Crescent, ranking bottom 1% there, even though it sits near the median for the broader Valley Gardens area. That gap suggests a possible opportunity for a buyer who values entry into a slightly more established pocket without paying a premium for street-level status. The year built (1973) is above average citywide, meaning the home is newer than many older Winnipeg properties but not new enough to command a modern-construction price. This property would suit a buyer looking for a solid, mid-century home in a stable neighbourhood—someone who doesn’t need the largest floor plan or lot but wants a reasonable size and a manageable price point in a community that ranks in the middle tier across most metrics. It’s less suited for someone seeking a standout investment or premium finishes.

Five Possible FAQs

1. How does this home compare to others on the same street?
It’s the lowest-valued property on Dampsy Crescent, with an assessed value of $330,000 versus the street average of $367,300. Living area is also smaller than most neighbours, but the land size is around average for the street.

2. What does the ranking data actually tell me about the neighbourhood?
Valley Gardens ranks in the middle of Winnipeg neighbourhoods—top 42% for living area, top 50% for assessed value, and top 47% for lot size. It’s not a top-tier area, but it’s not declining either. The home itself underperforms its street but holds its own in the wider area.

3. Is the assessed value a reliable estimate of market price?
Assessed value is a baseline used for property taxes, not a market valuation. It suggests the home is priced conservatively relative to its immediate neighbours, which could mean either a bargain or that it needs updates. A professional appraisal would give a clearer picture.

4. What kind of maintenance or updates might a 1973 home need?
Homes of this era often require attention to windows, insulation, roofing, and mechanical systems—especially if original. The data doesn’t mention renovations, so it’s wise to budget for potential mid-life upgrades, even if the home appears solid.

5. Who typically buys in Valley Gardens?
It tends to attract families and first-time buyers looking for affordability within Winnipeg’s established suburban zones. It’s less popular with investors or luxury buyers, but steady demand for modest, older homes keeps the market active.