Property Overview
This single-storey home at 203 Eastmount Drive in Winnipeg's Dakota Crossing neighborhood presents a practical and value-oriented opportunity. Its key appeal lies in a recently renovated basement and an above-average assessed value relative to its immediate area, suggesting strong municipal valuation for its category. The home is modest in size at 1,217 sqft with a smaller-than-average lot for the street, but it benefits from an attached garage and a build year (1993) that is newer than most of Winnipeg's housing stock.
The property would suit first-time buyers or downsizers looking for manageable, single-level living in an established community. It’s also a candidate for value-focused investors, as the solid assessed value and recent sale history indicate a stable, entry-level market segment. A thoughtful perspective is that while the living space is below average for the local area, this can translate to lower utility costs and less maintenance—a trade-off that appeals to a specific, budget-conscious buyer. Its appeal is less about standout features and more about offering a renovated, functional base in a mature neighborhood.
Frequently Asked Questions
1. How does the home's size compare to the neighborhood?
The living area is below the average for both Eastmount Drive and the wider Dakota Crossing area, placing it in the top 71% (meaning 71% of comparable local homes are larger). This indicates a more compact, efficient layout.
2. What does the "above average" assessed value mean?
The assessed value of $48,800 is in the top 20% for Eastmount Drive, meaning it is valued higher than most direct neighbors. This can reflect the renovated basement and the property's condition relative to nearby homes, but it's important to distinguish municipal assessment from market sale price.
3. Has the property value increased?
Yes. The home sold for $430,000 in May 2021 and then for $535,000 in August 2024. This represents a significant increase over that three-year period.
4. Is the lot size a concern?
The land area is below average for the street and neighborhood. This means smaller outdoor maintenance but also less private yard space. It's a typical lot size city-wide, ranking around the 65th percentile.
5. What is the significance of the 1993 build year?
Built in 1993, the home is newer than about 79% of Winnipeg's housing stock city-wide. For the area, it's around the median age. This often suggests modern construction standards and potentially fewer major system updates than much older homes, though a full inspection is always recommended.