Property Overview
This home at 985 Dakota Street in Meadowood is a compact, efficiently sized property built in 1998. Its key appeal lies in being a newer construction compared to most homes on its street and in the wider area, offering modern building standards and potentially lower immediate maintenance. With 720 sqft of living space and a 4,048 sqft lot, it is notably smaller than area averages, positioning it as an affordable entry point into the Winnipeg market. Its assessed value is modest relative to the city, suggesting a lower property tax burden.
This property would best suit first-time buyers, downsizers, or investors seeking a straightforward, low-maintenance home. Its size and value make it a practical choice for those prioritizing financial accessibility over space. A less obvious perspective is that its newer age in an older neighbourhood could mean more reliable major systems (like plumbing and electrical) than neighbouring homes, offering a hidden advantage in predictable upkeep costs.
Frequently Asked Questions
How does the home’s size compare to others?
At 720 sqft, the living area is below average for its street, the Meadowood area, and the city overall. It is a compact home, ranking in the smaller 15% on its own street.
Is this a newer home for the area?
Yes. Built in 1998, it is significantly newer than most comparable homes on Dakota Street and in the Meadowood neighbourhood, ranking in the top 10% for its recent year of construction locally.
What is the likely property tax situation?
With an assessed value of $31,100, which is below average for its immediate area and street, the property likely carries a relatively lower annual property tax bill compared to many surrounding homes.
Is the lot size a limitation?
The 4,048 sqft lot is slightly below average for the street but provides a standard urban yard. It may offer easier, low-maintenance outdoor space compared to larger lots, which can be a benefit for those not wanting extensive landscaping duties.
Why is the city-wide assessed value comparison so different?
The data shows a dramatic jump in average assessed value city-wide (to $390k) because the comparison group likely includes all property types, from condos to large single-family homes. The more relevant comparisons are the local (street and neighbourhood) figures, which are consistently modest.