Property Overview
This well-maintained one-storey home at 167 Fulton Street in Winnipeg's Dakota Crossing neighborhood presents a practical and comfortable living option. Built in 1998, it is newer than most homes in the city, which often translates to fewer immediate concerns with major aging systems. The home features 1,250 sqft of living space, an attached garage, and a renovated basement, adding valuable functional space. Its recent sale in late 2024 suggests a modernized and market-ready condition.
The appeal here is one of balance and efficiency. While the lot and living space are modest compared to some immediate neighbors, the home ranks above average citywide for its assessed value, indicating a solid valuation foundation. It suits first-time homebuyers, downsizers, or investors seeking a turnkey property in a stable, established suburban area. The single-level layout is particularly suitable for those seeking accessibility or preferring to avoid stairs. A thoughtful perspective is that a smaller, well-renovated home on a manageable lot can offer a lifestyle with less maintenance and lower utility costs, freeing up time and budget.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 1,250 sqft, the living area is slightly below average for Fulton Street and the Dakota Crossing area, but it is very close to the citywide average for homes. The renovated basement effectively expands the usable space.
2. Is the assessed value a good indicator of the property tax?
The assessed value of $47,600 is used to calculate property taxes. This assessment is above average compared to all Winnipeg homes, but it is around average for the immediate neighborhood and street, suggesting taxes are in line with similar local properties.
3. What does the year built (1998) mean for a buyer?
A 1998 build date means the home is relatively newer than many in Winnipeg. Buyers may benefit from more modern construction standards and materials, though key components like the roof, HVAC, or windows may be nearing or due for planned replacement based on their typical lifespans.
4. How does the recent sale price compare to the assessed value?
The home sold for $470,000 in November 2024, which is significantly higher than its $47,600 assessed value. It's important to understand that municipal assessed value for taxes is rarely an indicator of current market value; the sale price reflects the actual price the market supported.
5. Who might this property not suit?
This home may not suit buyers looking for extensive yard space, as the lot is below average for the area, or those needing substantial above-grade square footage for a large family. The one-storey design also means all living spaces are on a single level.