Property Overview & Key Characteristics
40 Fulton Street is a well-maintained, one-storey home in Winnipeg's Dakota Crossing neighbourhood. Built in 1994, it offers 1,455 sqft of living space and sits on a standard 4,614 sqft lot. Key features include a renovated basement and an attached garage. The home presents as a solid, move-in-ready property without major standout luxuries like a pool, positioning it as a practical and comfortable family home.
Its primary appeal lies in its balance and stability. The home consistently ranks around the average for its immediate street and area in terms of size, value, and land, meaning it fits seamlessly into the neighbourhood without over or under-delivering. A thoughtful perspective is its city-wide standing: while average locally, its assessed value and newer build date rank above average compared to the entire city, suggesting it may offer relative modernity and value stability in the broader Winnipeg context. The renovated basement adds functional living space, a significant asset for day-to-day life.
This property would best suit first-time homebuyers, downsizers, or families seeking a low-maintenance, single-level layout in an established community. It’s for buyers who prioritize a renovated, functional space in a quiet neighbourhood over premium lot size or custom features.
Frequently Asked Questions
1. How does this home compare to others in Dakota Crossing?
The home is consistently around the neighbourhood average for living area, assessed value, and land size. It’s a representative example of the area’s housing stock, neither the largest nor the smallest on the block.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This should be a key point of inquiry to understand the finish quality, room layouts, and whether it includes legal secondary suites or simply finished living space.
3. Why is the assessed value significantly different from the last sale price?
The home sold for $460k in 2021 and then for $48.5k in 2023. This drastic change almost certainly indicates a data entry error or a non-arms-length transaction (e.g., a transfer between family members). The assessed value of $48.5k is a municipal valuation for tax purposes and is not representative of the current market value.
4. Is the lot size a limitation?
At just over 4,600 sqft, the lot is standard for the street but smaller than many city-wide averages. It provides adequate yard space for gardening or recreation but may not suit those seeking extensive outdoor amenities or maximum privacy from neighbours.
5. What are the implications of the home's age?
Built in 1994, the home is newer than many in Winnipeg. This can mean modern building standards and potentially fewer major system replacements (like roofing or windows) in the immediate future compared to an older home, though a 30-year-old home will still require diligent maintenance and inspection of its core components.