981 Dakota Street

Property Overview: 981 Dakota Street, Winnipeg

Key Characteristics & Appeal

This home at 981 Dakota Street in Meadowood is defined by its practical efficiency and relative modernity within its context. Built in 1997, it is notably newer than most homes on its street, in the Meadowood area, and across Winnipeg, potentially meaning fewer concerns with aging infrastructure. The 720 sqft living area is compact, ranking below average for size at every comparison level, which positions it as an affordable, low-maintenance entry point into the market.

Its primary appeal lies in its value proposition. The assessed value is below average for the immediate street and neighbourhood, yet sits closer to the city-wide average, suggesting it may be priced accessibly in a desirable location. The lot size of just over 4,000 sqft is manageable. This combination—a newer, modest-sized home on a standard lot with a below-average assessment for the area—creates a clear profile. It would suit first-time buyers, downsizers, or investors seeking a straightforward, lower-cost property that benefits from a build date newer than many of its peers, without the upkeep of a larger home or yard.

A less obvious perspective is that its below-average metrics in size and assessment could be seen as an opportunity for value-adding expansion or renovation, subject to local regulations. Additionally, its "newer" status relative to the area might translate to better energy efficiency or modern building materials compared to neighbouring homes.

Frequently Asked Questions

1. Is this a small house?
Yes. At 720 square feet of living area, it is smaller than the average home on its street, in Meadowood, and across Winnipeg. It is best suited for individuals, couples, or those seeking minimal space.

2. Why is the assessed value relatively low?
The assessed value of $31,100 is below the average for Dakota Street and the Meadowood area. This typically reflects the home's smaller size and may influence property taxes, but it is important to note that assessed value is not the same as market value.

3. How does the year built affect this property?
Built in 1997, this home is newer than approximately 80-95% of homes in its broader comparison groups. This is a key characteristic, suggesting it may have undergone fewer major replacements (like roof or windows) than older homes in the area.

4. What was it last sold for?
Public records indicate a sale between CA$250,000 and CA$300,000 in 2020. For the exact historical sale price, you can request the information directly via the provided email service on the listing page.

5. How does the lot size compare?
The 4,048 sqft lot is slightly below the average for Dakota Street and more notably below the averages for the wider neighbourhood and city. It provides a standard outdoor space proportionate to the home's size.