Property Overview: 103 Compark Road, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained, single-storey home in Dakota Crossing is defined by its solid, modern foundation and efficient layout. Built in 2000, it offers contemporary construction without the premium of a brand-new build. The 1,112 sqft living space is notably above average for its immediate street and is complemented by a renovated basement, adding valuable finished space. The detached garage and a generous 5,441 sqft lot provide practical outdoor space and flexibility.
The primary appeal lies in its balance and value. The home ranks consistently above average in key metrics like living area and assessed value, especially when compared to the wider city, suggesting a strong value proposition for its category. It’s not the largest home in the neighborhood, but it represents a efficient, low-maintenance package. This property would suit first-time buyers seeking a move-in-ready home with modern systems, downsizers looking for a manageable single-level layout without sacrificing space, or pragmatic investors attracted by its recent sale history (2023) and stable, above-average assessment in a mature community.
A less obvious perspective is its positioning within a micro-market. While it stands out on its own street, it blends more typically within Dakota Crossing itself. This indicates a home that offers a slight edge over its direct neighbors while remaining firmly anchored in the established character and pricing of the broader area.
Section 2: Frequently Asked Questions
1. How does the assessed value relate to the likely market price?
The home’s assessed value is significantly above average citywide. However, it’s important to note that assessments are for taxation purposes and use different comparables. The most recent sale price (2023) and current area market trends are more direct indicators of its market value.
2. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify the permits and compliance of the renovation with the city to understand its legal status and potential for rental income.
3. What are the property taxes?
With an assessed value of $44,600, property taxes can be estimated by applying the current City of Winnipeg mill rate. A real estate agent or the city’s tax calculator can provide an exact annual figure.
4. How does the living space compare to nearby homes?
At 1,112 sqft, this home offers more living area than the average home on Compark Road. It is slightly smaller than the average for the Dakota Crossing neighborhood but is very close to the average size for the entire city, making it a comfortably sized home for the market.
5. What is the significance of the home being built in 2000?
A build year of 2000 means major components like the roof, windows, HVAC, and electrical system are likely original but entering a stage where future replacement should be budgeted for. Conversely, it also means the construction complies with modern building codes, offering peace of mind compared to much older homes in the city.