Property Overview: 107 Valewood Crescent, Winnipeg
Key Characteristics & Appeal
This one-storey home in Inkster Gardens is a practical and well-positioned property. Built in 1982, it offers 1,216 sqft of living space with a renovated basement and an attached garage, situated on a standard 5,000 sqft lot. The home’s assessed value is $390,000.
Its primary appeal lies in its solid, middle-of-the-road metrics within its immediate area. The living space, land area, and assessed value all rank consistently "around average" for Valewood Crescent and the broader Inkster Gardens neighborhood. This suggests a home that is neither oversized nor undersized for the community, offering a comfortable fit without standing out. A thoughtful perspective is that this consistency can be a strength—it indicates a property that is unlikely to be over-improved for the street, which can be a financial pitfall, and should align well with local buyer expectations.
The renovated basement adds functional living space, a valuable asset for a one-storey layout. This home would suit first-time buyers, downsizers, or practical investors looking for a move-in-ready, low-maintenance property in an established neighborhood. It’s for the buyer who values neighborhood fit and functional updates over architectural uniqueness or premium lot size.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home last sold between $315,000 and $345,000 in May 2019. Its current $390,000 assessment provides a benchmark, but a professional market evaluation is needed to determine today’s exact value relative to recent sales on Valewood Crescent.
2. What does "around average" for the area really mean for a buyer?
For key metrics like size and value, this home performs in the middle of the pack compared to its neighbors. This typically indicates a lower risk of overpaying relative to the community and suggests the property should be straightforward to finance and insure.
3. The home was built in 1982. What should I be aware of?
While the basement has been renovated, a home of this age may have original major systems (like roofing, windows, or the furnace) nearing the end of their service life. A thorough inspection is recommended to budget for any upcoming updates.
4. Is the lot size a pro or a con?
At 5,000 sqft, the lot is very typical for Inkster Gardens. It provides adequate outdoor space for gardening or recreation without the extensive maintenance of a larger yard. It’s a balanced offering, not a standout feature.
5. Where can I find the exact historical sold price?
The exact sold price is not published publicly. You can request it directly via the form on this property’s page. The service is manual, with a promise of a reply by the end of the same day and no unsolicited marketing use of your email.