Property Overview
119 Old Commonwealth Path is a well-maintained, two-storey home built in 2016, offering modern living in Winnipeg's Inkster Gardens neighbourhood. Its key appeal lies in a balance of relative newness, a renovated basement, and a generous land size that stands out in its area. The detached garage and functional layout round out the practical offerings.
Key Characteristics & Ideal Buyer
This home presents a solid, move-in-ready foundation. Its 2016 build date means major systems are still within their typical lifespan, offering peace of mind compared to older stock. The renovated basement adds immediate flexible space without the need for a project. A standout feature is the land area of over 2,000 sq ft, which ranks in the top 2% of the neighbourhood, suggesting a lot size with more privacy or outdoor potential than many nearby properties.
The home’s assessed value is modest relative to its size and age, which could indicate a manageable property tax burden. It would suit first-time buyers or young families looking for a modern, low-maintenance home in a community setting, as well as practical investors seeking a property with recent updates and a stable assessment history. Its rankings suggest it offers more land than most in the area, a less obvious but valuable asset for future enjoyment or value appreciation.
Frequently Asked Questions
1. What does the "renovated basement" typically include?
While specifics should be verified, a listing noting a renovated basement in a home of this age usually indicates finished living space, potentially including drywall, flooring, and lighting, making it suitable for a recreation room, home office, or additional bedrooms.
2. How does the assessed value compare to the likely asking price?
The assessed value is for municipal tax purposes and is often lower than market value. It provides a baseline, but the sale price will be determined by current market conditions, the home's condition, and recent comparable sales in Inkster Gardens.
3. The home sold in 2016 for $32.5k. Why is that price so low?
This almost certainly represents a land-only sale prior to the construction of the home in 2016. The current assessment reflects the value of the completed house and property.
4. What are the benefits of a detached garage?
A detached garage offers flexibility, potentially reducing noise transfer to the home and providing separation for workshops or hobbies. It can also present future opportunities like adding a suite above (subject to zoning).
5. The living area is noted as 1,406 sq ft. Is that including the basement?
Typically, listed living area refers to above-grade, finished space. The renovated basement would provide additional square footage, but that area is usually quoted separately. Clarify with the listing agent for total usable space.